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 22, 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 22-07-2020   VALUE 22-07-2020
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For  3 months and over but less than
     6 months           0.0077% PA            0.7578% PA
For  6 months and over but less than
    12 Months           0.0928% PA            0.8428% PA
For 12 months           0.2185% PA            1.0935% PA
For  2 Years            0.2185% PA            1.5935% PA
For  3 Years            0.2185% PA            1.8435% PA
For  4 years            0.2185% PA            2.0935% PA
For  5 years            0.2185% PA            2.2185% PA
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POUND STERLING       VALUE 22-07-2020   VALUE 22-07-2020
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For  3 months and over but less than
     6 Months          -0.1740% PA            0.5760% PA
For  6 months and over but less than
    12 months          -0.0661% PA            0.6839% PA
For 12 Months           0.0745% PA            0.9495% PA
For  2 Years            0.0745% PA            1.4495% PA
For  3 Years            0.0745% PA            1.6995% PA
For  4 years            0.0745% PA            1.9495% PA
For  5 years            0.0745% PA            2.0745% PA
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EURO                 VALUE 22-07-2020   VALUE 22-07-2020
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For  3 months and over but less than
     6 months           0.1911% PA            0.9411% PA
For  6 months and over but less than
    12 months           0.1493% PA            0.8993% PA
For 12 Months           0.0406% PA            0.9156% PA
For  2 Years            0.0406% PA            1.4156% PA
For  3 Years            0.0406% PA            1.6656% PA
For  4 years            0.0406% PA            1.9156% PA
For  5 years            0.0406% PA            2.0406% PA
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JAPANESE YEN         VALUE 22-07-2020   VALUE 22-07-2020
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For  3 months and over but less than
     6 months           0.2060% PA            0.5440% PA
For  6 months and over but less than
    12 months           0.2225% PA            0.5275% PA
For 12 Months           0.1468% PA            0.7282% PA
For  2 Years            0.1468% PA            1.2282% PA
For  3 Years            0.1468% PA            1.4782% PA
For  4 Years            0.1468% PA            1.7282% PA
For  5 years            0.1468% PA            1.8532% PA
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Copyright Business Recorder, 2020