The Inter-bank Exchange Rates

Accra,(Greater Accra Region) 15 Oct. The following are the average inter-bank exchange rates for Wednesday, October 15, as issued by the Ghana Association of Bankers:

CEDI EQUIVALENT

Country Currency Buying Selling

France French Franc 376.36 382.90 Switzerland Swiss Franc 1,510.97 1,536.73 U.K. Pound Sterling 3,578.58 3,644.51 United States U.S. Dollar 2,209.55 2,248.73 Germany Deutsche Mark 1,261.93 1,284.73 Belgium Belgian Franc 61.18 62.25 Canada Canadian Dollar 1,599.79 1,627.60 Japan Japanese Yen 18.20 18.52 Holland Dutch Guilder 1,120.69 1,139.98 South Africa Rand 473.32 481.40 CFA Franc Zone CFA 3.76 3.83 Nigeria Naira 26.41 26.88

The Cedi continues to gain against the major international currencies due to the decline in demand for foreign currencies. Against the dollar, it opened this morning at ?2,245.00 and ?2,275.00 and at ?3,550 and ?3,600.00 against the pound sterling. The Deutsche Marks is being sold for ?1,250.00 and ?1,300.00. The rate of the cedi against other currencies is:

BUYING SELLING

CFA 3,600.00 3,800.00 French Francs 350.00 380.00 Canadian Dollar 1,380.00 1,500.00 Swiss Francs 1,380.00 1,500.00 Dutch Guilders 1,120.00 1,200.00 Japanese Yen 14.00 15.00