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Business News of Wednesday, 15 October 1997

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The Inter-Bank Exchnage Rates

Accra,(Greater Accra Region) 14 Oct. The following are the average inter-bank exchange rates for Tuesday, October 14, as issued by the Ghana Association of Bankers:

CEDI EQUIVALENT

Country Currency Buying Selling

France French Franc 375.91 382.47 Switzerland Swiss Franc 1,510.83 1,536.85 U.K. Pound Sterling 3,576.74 3,642.65 United States U.S. Dollar 2,208.55 2,248.27 Germany Deutsche Mark 1,261.33 1,284.12 Belgium Belgian Franc 61.12 62.19 Canada Canadian Dollar 1,601.98 1,629.31 Japan Japanese Yen 18.21 18.53 Holland Dutch Guilder 1,120.04 1,139.40 South Africa Rand 473.49 481.60 CFA Franc Zone CFA 3.76 3.82 Nigeria Naira 26.41 26.85

The Cedi this morning maintained its value against other currencies of the world. The Dollar opened between ?2,250.00 and 2,280.00 Against the pound sterling, it is trading between ? 3,530.00 and ?3,600.00, and against the Deutsche Marks, it is between ?1,240.00 and ?1,300.00.

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