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 30, 2016).

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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 30-12-2016   VALUE 30-12-2016

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For 3 months and over but less than

6 months               0.7482% PA            1.4982% PA

For 6 months and over but less than

12 Months              1.0677% PA            1.8177% PA

For 12 months          1.4401% PA            2.3151% PA

For 2 Years            1.4401% PA            2.8151% PA

For 3 Years            1.4401% PA            3.0651% PA

For 4 years            1.4401% PA            3.3151% PA

For 5 years            1.4401% PA            3.4401% PA

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POUND STERLING      VALUE 30-12-2016   VALUE 30-12-2016

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For 3 months and over but less than

6 Months               0.1171% PA            0.8671% PA

For 6 months and over but less than

12 months              0.2834% PA            1.0334% PA

For 12 Months          0.5356% PA            1.4106% PA

For 2 Years            0.5356% PA            1.9106% PA

For 3 Years            0.5356% PA            2.1606% PA

For 4 years            0.5356% PA            2.4106% PA

For 5 years            0.5356% PA            2.5356% PA

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EURO                VALUE 30-12-2016   VALUE 30-12-2016

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For 3 months and over but less than

6 months               0.0857% PA            0.8357% PA

For 6 months and over but less than

12 months             -0.0234% PA            0.7266% PA

For 12 Months         -0.1644% PA            0.7106% PA

For 2 Years           -0.1644% PA            1.2106% PA

For 3 Years           -0.1644% PA            1.4606% PA

For 4 years           -0.1644% PA            1.7106% PA

For 5 years           -0.1644% PA            1.8356% PA

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JAPANESE YEN        VALUE 30-12-2016   VALUE 30-12-2016

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For 3 months and over but less than

6 months              -0.2327% PA            0.5173% PA

For 6 months and over but less than

12 months             -0.2334% PA            0.5166% PA

For 12 Months         -0.1209% PA            0.7541% PA

For 2 Years           -0.1209% PA            1.2541% PA

For 3 Years           -0.1209% PA            1.5041% PA

For 4 Years           -0.1209% PA            1.7541% PA

For 5 years           -0.1209% PA            1.8791% PA

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Copyright Business Recorder, 2016