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 Tuesday (February 01, 2005).

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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 02-02-2005   Value 02-02-2005

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For  3 months and over but less than

     6 months       2.5000% PA               3.2500% PA

For  6 months and over but less than

    12 months       2.7100% PA               3.4600% PA

For 12 months       3.0113% PA               3.8863% PA

For  2 years        3.0113% PA               4.3863% PA

For  3 years        3.0113% PA               4.6363% PA

For  4 years        3.0113% PA               4.8863% PA

For  5 years        3.0113% PA               5.0113% PA

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POUND STERLING      Value 01-02-2005   Value 01-02-2005

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For  3 months and over but less than

     6 months       4.6181% PA               5.3681% PA

For  6 months and over but less than

    12 months       4.6488% PA               5.3988% PA

For 12 months       4.7188% PA               5.5938% PA

For  2 years        4.7188% PA               6.0938% PA

For  3 years        4.7188% PA               6.3438% PA

For  4 years        4.7188% PA               6.5938% PA

For  5 years        4.7188% PA               6.7188% PA

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EURO                Value 02-02-2005   Value 02-02-2005

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For  3 months and over but less than

     6 months       1.8890% PA               2.6390% PA

For  6 months and over but less than

    12 months       1.9291% PA               2.6791% PA

For 12 months       2.0353% PA               2.9103% PA

For  2 years        2.0353% PA               3.4103% PA

For  3 years        2.0353% PA               3.6603% PA

For  4 years        2.0353% PA               3.9103% PA

For  5 years        2.0353% PA               4.0353% PA

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POUND STERLING      Value 02-02-2005   Value 02-02-2005

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For  3 months and over but less than

     6 months       0.1963% PA               0.5538% PA

For  6 months and over but less than

    12 months       0.1844% PA               0.5656% PA

For 12 months       0.1569% PA               0.7181% PA

For  2 years        0.1569% PA               1.2181% PA

For  3 years        0.1569% PA               1.4681% PA

For  4 years        0.1569% PA               1.7181% PA

For  5 years        0.1569% PA               1.8431% PA

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Copyright Business Recorder, 2005