Accra, Oct. 16, GNA - The following are the average inter-bank exchange rates of major currencies against the cedi issued by the Ghana Association of Bankers on Thursday, October 16, 2003.

Currency Buying Selling

U.S. Dollar 8,635.00 8,799.45

Pound Sterling 14,312.51 14,589.49

Swiss Franc 6,432.59 6,552.66

Canadian Dollar 6,457.26 6,575.10

Danish Kroner 1,341.00 1,366.12

Japanese Yen 77.93 79.39

South African Rand 1,228.44 1,248.26

Euro 9,960.69 10,145.68

CFA Franc 15.18 15.47

Naira 68.38 69.69

ECOWAS WAUA 12,411.58