| F.E.
Circular No. 01 |
March 11, 1999 |
All
Authorised
in Foreign Exchange,
Dear
Sirs,
EXCHANGE RATE MECHANISM
In
term of F.E Circular No.
52 dated the 19th December, 1998, the composition
of Official exchange rate and Floating Interbank exchange
rate was prescribed in the ratio of 20:80. Effective Thursday,
11th March 1999, the composition of Official exchange rate
and Floating Interbank exchange rate will be in the ratio
of 5:95. Other instructions remain unchanged
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