Central Bank Decreases Amount of Loans for Banks

The sum of loans and deposits received by banks from the Central Bank of Russia continued to decrease in March 2003. It decreased by 16.4 percent, compared to that of February 2003, to RUR986m ($31.7m), the Central Bank reported. This amount became three times lower in February 2003, compared to that of January. The sum of all loans and deposits placed by the Central Bank fell by 0.6 percent in March 2003 compared to that of February. The amount of precious metals on the Central Bank's balance sheet decreased by 0.1 percent. At the same time the amount of the Central Bank's funds and securities in foreign currencies, held by non-residents, rose by 2.9 percent.

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