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| EXCHANGE RATES | COCONUTS |

EXCHANGE RATES

EXCHANGE RATES ON 24.05.2002 IN SLRS

Average Rates at which the following currencies were quoted by Commercial Banks in Colombo for telegraphic transfers at 9.30 A.M.

Currency	Buying (Rs.)	Selling (Rs.)
US Dollar	95.8360	96.2320
Sterling Pound	139.0141	140.3248
Euro	87.8728	88.9708
Swiss Franc	60.2724	61.2120
Japanese Yen	0.7673	0.7732

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

Country

Currency

Indicative Rate(RS.)

Bahrain	Dinar	255.0812
Kuwait	Dinar	315.3384
Oman	Rial	249.7905
Qatar	Riyal	26.4140
Saudi Arabian	Riyal	25.6421
UAE	Dirham	26.1818

The Average Weighted Prime Lending Rates (AWPLR) & the Lowest Prime Rate (LPR) during the week ended 17, May 2002 by all commercial banks were 13.21 percent and 12.00 per cent respectively.

The Average Weighted Deposit Rate (AWDR) of Commercial banks for the month ended April1, 2002 was 10.00 percent.

COCONUTS

Prices of Coconut Products on 23.05.2002

1. COPRA (per 250 kgs)
a) Date of Auction	22. 05. 2002
b) Quantity of Copra offered	72,820- Kgs
c) Quantity of copra sold	72,820- Kgs
d) Simple average price - White Edible Copra	-
e) Simple average price - Edible Copra	-
f) Highest price - M.S. No. 1 Copra	Rs. 17,000 T
g) Simple average price - M. S. No 1 Copra	Rs. 16,900 T
h) Simple average Price - M. S. No. 2 Copra	RS. 16,780 T
i) Highest price - M. O. No. 1 Copra	Rs. 13,000 T
j) Simple average Price - M.O. No. 1 Copra

Next Auction on 29.05.2002 at 11.00 a.m. at the CDA Duke
Street Office

2. FRESH COCONUT (per 1,000 nuts)
a) Local Market	Rs. 10,500-11,000 N
b) Date & Price of Auction:
CDA (16.05.2002)
Highest Price	Rs. 13,020 T
Lowest Price	Rs. 9,000 T
Average Price	Rs. 11,970 T
Quantity Traded (Nuts)	658,176 N
WCCI(-)	-
Highest Price	-
Lowest Price	-
Average Price	-
Quantity Traded ( Nuts)	-
c) Date & Price of Tender	-
CCB	-
CRB (-)	-
NLDB(-)	-
LHP(09.05.2002)	Rs.11,200 T

CDA Next Auction on 30.05.2002 at 11.00 a.m. at the Duke
street office

3. DESICCATED COCNUTS (per Kg)
a) Local Price
( i) Modernaized D/C Mills	Rs. 95.00 T
(ii) Traditoanal D/C Mills	Rs. 94.00 N
b) Philippines (CIF London)	-
c) Sri Lanka (CIF London)	-
4. COCONUT OIL (per Mt)
a) Local price	Rs. 75,000-80,000 T
b) Philippines (CIF London)	39,970
c) Philippines (CIF New York)	Rs. 40,874
5. POONAC (per Mt)	Rs. 18,000-19,000 T
6. MATTRESS FIBRE (per 50 kgs)
a) FAQ	Rs. 280-300 T
b) Superior	Rs. 290-310 T
c) Hand Twisted	Rs. 425 T
7. OMAT FIBRE FAQ ( per 50 kgs)	Rs. 600-800 T
8. BRISTLE FIBRE 1 tie (per 50kgs)
a) Ordinary	Rs. 1,000-1,200 T
b) Superior Hackleable	Rs. 1,200-1,350 T
c) Semi Hackled	Rs. 1,400
9. BRISTLE FIBRE 2 tie (Hackled per 50 kgs	Rs. 1,500-1,700 T
10. COCONUTS SHELL CHARCOAL	Rs. 9,250 T
(per MT)
11.COCONUT EKELS (per 50 kgs)	Rs. 375 N

(T-Traded; N-Nominal)

Next Auction on 29.05.2002 at 11.00 a.m. at the CDA Duke Street Office

CDA Next Auction on 30.05.2002 at 11.00 a.m. at the Duke street office

Next Auction on 29.05.2002 at 11.00 a.m. at the CDA Duke
Street Office

CDA Next Auction on 30.05.2002 at 11.00 a.m. at the Duke
street office