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 (February 18, 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 22-02-2005   Value 22-02-2005

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For  3 months and over but less than

     6 months       2.5975% PA               3.3475% PA

For  6 months and over but less than

    12 months       2.8300% PA               3.5800% PA

For 12 months       3.1713% PA               4.0463% PA

For  2 years        3.1713% PA               4.5463% PA

For  3 years        3.1713% PA               4.7963% PA

For  4 years        3.1713% PA               5.0463% PA

For  5 years        3.1713% PA               5.1713% PA

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POUND STERLING      Value 18-02-2005   Value 18-02-2005

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For  3 months and over but less than

     6 months       4.6375% PA               5.3875% PA

For  6 months and over but less than

    12 months       4.6975% PA               5.4475% PA

For 12 months       4.8013% PA               5.6763% PA

For  2 years        4.8013% PA               6.1763% PA

For  3 years        4.8013% PA               6.4263% PA

For  4 years        4.8013% PA               6.6763% PA

For  5 years        4.8013% PA               6.8013% PA

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EURO                Value 21-02-2005   Value 21-02-2005

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For  3 months and over but less than

     6 months       1.8841% PA               2.6341% PA

For  6 months and over but less than

    12 months       1.9280% PA               2.6780% PA

For 12 months       2.0631% PA               2.9381% PA

For  2 years        2.0631% PA               3.4381% PA

For  3 years        2.0631% PA               3.6881% PA

For  4 years        2.0631% PA               3.9381% PA

For  5 years        2.0631% PA               4.0631% PA

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JAPANESE YEN        Value 21-02-2005   Value 21-02-2005

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For  3 months and over but less than

     6 months       0.1981% PA               0.5519% PA

For  6 months and over but less than

    12 months       0.1844% PA               0.5656% 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