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 Thursday (December 3, 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 03.12.2020   VALUE 03.12.2020
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For  3 months and over but less than
     6 months          -0.0180% PA            0.7320% PA
For  6 months and over but less than
    12 Months           0.0087% PA            0.7588% PA
For 12 months           0.0831% PA            0.9581% PA
For  2 Years            0.0831% PA            1.4581% PA
For  3 Years            0.0831% PA            1.7081% PA
For  4 years            0.0831% PA            1.9581% PA
For  5 years            0.0831% PA            2.0831% PA
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POUND STERLING       VALUE 03.12.2020   VALUE 03.12.2020
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For  3 months and over but less than
     6 Months          -0.2083% PA            0.5418% PA
For  6 months and over but less than
    12 months          -0.1890% PA            0.5610% PA
For 12 Months          -0.1190% PA            0.7585% PA
For  2 Years           -0.1165% PA            1.2585% PA
For  3 Years           -0.1165% PA            1.5085% PA
For  4 years           -0.1165% PA            1.7585% PA
For  5 years           -0.1165% PA            1.8835% PA
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EURO                 VALUE 03.12.2020   VALUE 03.12.2020
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For  3 months and over but less than
     6 months           0.3004% PA            1.0504% PA
For  6 months and over but less than
    12 months           0.2669% PA            1.0169% PA
For 12 Months           0.2291% PA            1.1041% PA
For  2 Years            0.2291% PA            1.6041% PA
For  3 Years            0.2291% PA            1.8541% PA
For  4 years            0.2291% PA            2.1041% PA
For  5 years            0.2291% PA            2.2291% PA
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JAPANESE YEN         VALUE 03.12.2020   VALUE 03.12.2020
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For  3 months and over but less than
     6 months           0.1322% PA            0.6178% PA
For  6 months and over but less than
    12 months           0.1857% PA            0.5643% PA
For 12 Months           0.2005% PA            0.6745% PA
For  2 Years            0.2005% PA            1.1745% PA
For  3 Years            0.2005% PA            1.4245% PA
For  4 Years            0.2005% PA            1.6745% PA
For  5 years            0.2005% PA            1.7995% PA
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Copyright Business Recorder, 2020