Barclays bid rates and maximum rates for payment of interest

KARACHI: 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 Wednesday (July 8, 2020).

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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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U.S. DOLLARS         VALUE 08.07.2020   VALUE 08.07.2020
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For  3 months and over but less than
     6 months           0.0265% PA            0.7765% PA
For  6 months and over but less than
    12 Months           0.1143% PA            0.8643% PA
For 12 months           0.2656% PA            1.1406% PA
For  2 Years            0.2656% PA            1.6406% PA
For  3 Years            0.2656% PA            1.8906% PA
For  4 years            0.2656% PA            2.1406% PA
For  5 years            0.2656% PA            2.2656% PA
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POUND STERLING       VALUE 08.07.2020   VALUE 08.07.2020
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For  3 months and over but less than
     6 Months          -0.1434% PA            0.6066% PA
For  6 months and over but less than
    12 months           0.0313% PA            0.7813% PA
For 12 Months           0.1680% PA            1.0430% PA
For  2 Years            0.1680% PA            1.5430% PA
For  3 Years            0.1680% PA            1.7930% PA
For  4 years            0.1680% PA            2.0430% PA
For  5 years            0.1680% PA            2.1680% PA
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EURO                 VALUE 08.07.2020   VALUE 08.07.2020
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For  3 months and over but less than
     6 months           0.1851% PA            0.9351% PA
For  6 months and over but less than
    12 months           0.1039% PA            0.8539% PA
For 12 Months          -0.0031% PA            0.8781% PA
For  2 Years           -0.0031% PA            1.3781% PA
For  3 Years           -0.0031% PA            1.6281% PA
For  4 years           -0.0031% PA            1.8781% PA
For  5 years           -0.0031% PA            2.0031% PA
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JAPANESE YEN         VALUE 08.07.2020   VALUE 08.07.2020
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For  3 months and over but less than
     6 months           0.2028% PA            0.5472% PA
For  6 months and over but less than
    12 months           0.2273% PA            0.5263% PA
For 12 Months           0.1427% PA            0.7323% PA
For  2 Years            0.1427% PA            1.2323% PA
For  3 Years            0.1427% PA            1.4830% PA
For  4 Years            0.1427% PA            1.7330% PA
For  5 years            0.1427% PA            1.8573% PA
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Copyright Business Recorder, 2020