Money Market Updates
Yields on Government debt move in different directions: The increased amounts offered at this weeks auction had an effect on the downward trend experienced by yields on all the tenures in the money markets over the last few weeks. The 91/day bill increased by 1bps and was quoted at 9.83 per cent. It was under-subscribed by 21 per cent. The 91/day (ss) was over-subscribed by 50 per cent. It was quoted at 10.26 per cent, a drop of 8bps from last weeks close. The 182/day billremained unchanged at 10.96 per cent. The 1-year bill lost 3bps from last week’s close to end the week at 12.84 per cent
Currency Market Updates
Apart from the 3bututs depreciation of the local currency against the Dollar in the interbank market, the Dalasi remained unchanged or appreciated against the major currencies in the money markets this week.
In the interbank market, the Dalasi appreciated by 85bututs and 160bututs and was quoted at D41.50 and D36.25 against the Pound Sterling and Euro respectively.
In the parallel market, when compared to last week’s close, the Dalasi remained
unchanged against the Dollar and the Euro.It appreciated by 25bututs against
the pound sterling and was quoted at D40.00
Dalasi Interbank Mid Exchange Rates
Dollar 26.83
Sterling 41.50
Euro 36.25
CFA 275.00
Parallel Mid Exchange Rates
Dollar 26.75
Sterling 40.00
Euro 36.25
CFA 270.00
