Accra, Dec. 18, 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, Dec.18, 2003.

Currency Buying Selling

U.S. Dollar 8,724.00 8,868.00

Pound Sterling 15,403.09 15,660.89

Swiss Franc 6,959.65 7,071.02

Canadian Dollar 6,584.21 6,690.69

Danish Kroner 1,454.12 1,477.58

Japanese Yen 81.08 82.38

South African Rand 1,338.01 1,349.60

Euro 10,822.10 10,997.04

CFA Franc 16.50 16.76

Naira 64.19 65.24

ECOWAS WAUA 12,983.65