Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Committee, c/o ANZ Grindlays Bank Ltd, on Thursday (January 08, 2004).

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INTEREST PAYABLE ON FE DEPOSITS

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                    BBA BID               MAXIMUM RATES

                    RATES                FOR PAYMENT OF

                                            INTEREST BY

                                             AUTHORISED

                                                DEALERS

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US Dollars          Value 09-01-2004   Value 09-01-2004

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For  3 months and over but less than

     6 months       0.8900% PA               1.6400% PA

For  6 months and over but less than

    12 months       0.9619% PA               1.7119% PA

For 12 months       1.2200% PA               2.0950% PA

For  2 years        1.2200% PA               2.5950% PA

For  3 years        1.2200% PA               2.8450% PA

For  4 years        1.2200% PA               3.0950% PA

For  5 years        1.2200% PA               3.2200% PA

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POUND STERLING      Value 08-01-2004   Value 08-01-2004

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For  3 months and over but less than

     6 months       3.8050% PA               4.5550% PA

For  6 months and over but less than

    12 months       3.9673% PA               4.7173% PA

For 12 months       4.2550% PA               5.1300% PA

For  2 years        4.2550% PA               5.6300% PA

For  3 years        4.2550% PA               5.8800% PA

For  4 years        4.2550% PA               6.1300% PA

For  5 years        4.2550% PA               6.2550% PA

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EURO                Value 09-01-2004   Value 09-01-2004

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For  3 months and over but less than

     6 months       1.8524% PA               2.6024% PA

For  6 months and over but less than

    12 months       1.8811% PA               2.6311% PA

For 12 months       2.0168% PA               2.8918% PA

For  2 years        2.0168% PA               3.3918% PA

For  3 years        2.0168% PA               3.6418% PA

For  4 years        2.0168% PA               3.8918% PA

For  5 years        2.0168% PA               4.0168% PA

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Japanese Yen        Value 09-01-2004   Value 09-01-2004

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For  3 months and over but less than

     6 months      -0.1888% PA               0.5613% PA

For  6 months and over but less than

    12 months      -0.1800% PA               0.5700% PA

For 12 months      -0.1549% PA               0.7201% PA

For  2 years       -0.1549% PA               1.2201% PA

For  3 years       -0.1549% PA               1.4701% PA

For  4 years       -0.1549% PA               1.7201% PA

For  5 years       -0.1549% PA               1.8451% PA

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Copyright Business Recorder, 2004