Accra, Dec. 20, GNA - The following are the average inter-bank exchange rates of major currencies against the cedi issued by the Ghana Association of Bankers on Monday, December 20, 2004.

Currency Buying Selling

U.S. Dollar 8,947.00 9,112.45

Pound Sterling 17,410.86 17,733.74

Swiss Franc 7,766.47 7,905.20

Canadian Dollar 7,301.07 7,431.79

Danish Kroner 1,608.78 1,637.77

Japanese Yen 85.73 87.27

South African Rand 1,558.76 1,582.93

Euro 11,955.55 12,172.24

CFA Franc 18.23 18.56

Naira 68.24 69.50

ECOWAS WAUA 13,479.70