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Wednesday, 19 September 2001  
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EXCHANGE RATES ON  18.09.2001 IN SLRS | COCONUTS

Average Rates at which the following currencies were quoted by Commercial Banks in Colombo for telegraphic transfers.

Currency

Buying (Rs.)

Selling (Rs.)

US Dollar 89.7860 90.4220
Sterling Pound 131.3260 133.8116
Euro   82.5216 83.6620
Swiss Franc   55.4383 56.4046
Japanese Yen 0.7584 0.7693

The Approximate Exchange Rates of GULF Currencies based on previous day's Market Weighted Average Rate.

Country

Currency

Indicative Rate(RS.)
Saudi Arabian Riyal    24.0364
Bahrain Dinar   239.1439
Kuwait  Dinar 295.7510
Qatar Riyal  24.7651
UAE Dirham 24.5426
Oman Riyal 234.1730

The European Commission's Locking Rates of 11 member countries that came into existence from January 01st, 1999 are as follows.

Country Currency Locking Rate
Austria Schiling 13.760300
Belgium Franc 40.339900
Finland Markka 5.945730
France French Franc 6.559570
Germany Deutsche Mark 1.955830
Irish Republic Punt 0.787564
Italy Lira 1936.270000
Luxembourg Franc 40.339900
Netherland Guilder 2.203710
Portugal Escudo 200.482000
Spain Peseta 166.386000

The  Average Weighted Prime Lending Rates (AWPLR) & the Lowest Prime Rate (LPR) during the week ended September 14th, 2001 by all commercial banks were 15.57 percent and 15.00 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month ended August 31st 2001 was 11.39 percent.


COCONUTS

Prices of Coconut Products on 18.09.2001

1. COPRA (per 250 kgs)  
     a) Date of Auction 14.09.2001
     b) Quantity of Copra offered 55,200 Kgs
     c) Quantity of copra sold 33,900 Kgs
     d) Simple average price - White Edible Copra -
     e) Simple average price  - Edible Copra -
     f) Highest price - M.S. No. 1 Copra RS.12,110T
     g) Simple average price - M. S. No 1 Copra    Rs. 12,000 T
     h) Simple average Price - M. S. No. 2 Copra Rs. 10,270 T
     i) Highest price - M. O. No. 1 Copra -
     j) Simple average Price - M.O. No. 1 Copra  

Next Auction on 19.09.2001 at 11.00 a.m. at the CDA Duke
Street Office

2. FRESH COCONUT (per 1,000 nuts)  
     a) Local Market 7,800-8,000 T
     b) Date & Price of Auction:  
         CDA (13.09.2001)  
              Highest Price -
              Lowest Price 9,390 T
              Average Price 8,250 T
      Quantity Traded (Nuts) 810,642
      WCCI(-) -
              Highest Price -
              Lowest Price -
             Average Price -
             Quantity Traded ( Nuts) -
     c) Date & Price of Tender -
         CCB -
         CRB (-) -
         NLDB(-) -
         LHP(-) -

CDA Next Auction on 20.09.2001 at 11.00 a.m. at the Duke
street office

3. DESICCATED COCNUTS (per KG)  
     a) Local Price  
       ( i) Modernaized D/C Mills 69.00 T
       (ii) Traditoanal D/C Mills 69.00 T
     b) Philippines (CIF London) -
     c) Sri Lanka (CIF London) -
4. COCONUT OIL (per MT)  
     a) Local price 73,000-75,000 T
     b) Philippines (CIF London) 27,551
     c) Philippines (CIF New York) 35,855
5. POONAC (per MT) 6,500-10,000 T
6. MATTRESS FIBRE (per 50 kgs)  
     a) FAQ 110-130 T
     b) Superior 140 T
     c) Hand Twisted 260 T
7. OMAT FIBRE FAQ ( per 50 kgs) 450-550 T
8. BRISTLE FIBRE 1 tie (per 50kgs)  
     a) Ordinary 700-800 T
     b) Superior Hackleable           850-900 T
     c) Semi Hackled 900 T
9. BRISTLE FIBRE 2 tie (Hackled per 50 kgs 1,000-1,300 T
10. COCONUTS SHELL CHARCOAL 7,500 N
(per MT)
11.COCONUT EKELS (per 50 kgs) 325-350 T

(T-Traded; N-Nominal)

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