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 Friday (December 31, 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 04-01-2005   Value 04-01-2005

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For  3 months and over but less than

     6 months       2.3100% PA               3.0600% PA

For  6 months and over but less than

    12 months       2.5400% PA               3.2900% PA

For 12 months       2.8700% PA               3.7450% PA

For  2 years        2.8700% PA               4.2450% PA

For  3 years        2.8700% PA               4.4950% PA

For  4 years        2.8700% PA               4.7450% PA

For  5 years        2.8700% PA               4.8700% PA

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POUND STERLING      Value 31-12-2004   Value 31-12-2004

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For  3 months and over but less than

     6 months       4.6313% PA               5.3813% PA

For  6 months and over but less than

    12 months       4.6675% PA               5.4175% PA

For 12 months       4.6944% PA               5.5694% PA

For  2 years        4.6944% PA               6.0694% PA

For  3 years        4.6944% PA               6.3194% PA

For  4 years        4.6944% PA               6.5694% PA

For  5 years        4.6944% PA               6.6944% PA

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EURO                Value 03-01-2005   Value 03-01-2005

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For  3 months and over but less than

     6 months       1.9073% PA               2.6573% PA

For  6 months and over but less than

    12 months       1.9700% PA               2.7200% PA

For 12 months       2.1089% PA               2.9839% PA

For  2 years        2.1089% PA               3.4839% PA

For  3 years        2.1089% PA               3.7339% PA

For  4 years        2.1089% PA               3.9839% PA

For  5 years        2.1089% PA               4.1089% PA

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POUND STERLING      Value 04-01-2005   Value 04-01-2005

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For  3 months and over but less than

     6 months       0.1969% PA               0.5531% PA

For  6 months and over but less than

    12 months       0.1838% PA               0.5663% PA

For 12 months       0.1575% PA               0.7175% PA

For  2 years        0.1575% PA               1.2175% PA

For  3 years        0.1575% PA               1.4675% PA

For  4 years        0.1575% PA               1.7175% PA

For  5 years        0.1575% PA               1.8425% PA

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Copyright Business Recorder, 2005