Circulars

EXCHANGE RATES

May 06, 1997
44252

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 6th May, 1997 the State Bank of Pakistan will undertake purchase and sale of U.S. Dollar from and to Authorised Dealers at the following rates :-

BUYING PER U.S. DOLLAR SELLING PER U.S. DOLLAR
SPOT SPOT
40.3300 40.5317

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 28thJune,1997 are as under :-

BUYING PER U.S. DOLLAR SELLING PER U.S. DOLLAR
SPOT SPOT
T.T. 40.2897 T.T.& 40.5752
Clean O.D.
O.D.
O.D. 40.1572

Yours sincerely,

M.IBRAHIM QURESHI
Joint Director