Interbank Market News Scan: Eastern Caribbean, foreign exchange …

2 July 2021

Foreign exchange rates of interest

Where base currency is XCDRates as of 9:30 am AST 2 July 2021Where term currency is XCDRates as of 9:30 am AST 2 July 2021
XCD/EUR0.3125EUR/XCD3.2000
XCD/GBP0.2686GBP/XCD3.7231
XCD/USD0.3704USD/XCD2.7000
XCD/CAD0.4596CAD/XCD2.1754
XCD/NGN152.1010NGN/XCD0.0066
XCD/CNY2.3938CNY/XCD0.4174
XCD/PLN1.4111PLN/XCD0.7081
XCD/PEN1.4229PEN/XCD0.6963
Source: OANDA

Eastern Caribbean Central Bank-interest rates

ECCB Fixed Deposit Rate-1 month0%
ECCB Fixed Deposit Rate-2 months0%
ECCB Fixed Deposit Rate-3 months0%
*ECCU Minimum Savings Deposit Rate2%
ECCB Discount Rate2%
Source: Eastern Caribbean Central Bank

Links to follow …

Eastern Caribbean Central Bank. The Eastern Caribbean Central Bank (ECCB) recorded a net profit of $25.2 million for the year ended 31 March 2021, a 60.1 per cent decrease from the profit reported in the prior year. https://www.eccb-centralbank.org/news/view/eccb-records-profit-for-financial-year-2020-2021

European Central Bank. The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) today published a joint report that takes a closer look at how a broadened set of climate change drivers affects millions of global firms and thousands of financial firms in the European Union (EU). https://www.ecb.europa.eu/press/pr/date/2021/html/ecb.pr210701~8fe34bbe8e.en.html

Interbank. The yuan’s share of the world’s central banks’ reserves is at 2.45%. https://illinoisnewstoday.com/chinese-yuan-share-of-world-foreign-exchange-reserves-hits-new-highs/279603/

Interbank. The Central Bank of The Bahamas says the restrictions placed on foreign exchange outflows at the onset of the economic crisis caused by the COVID-19 pandemic will end this week. https://www.nycaribnews.com/articles/foreign-exchange-restrictions-eased-in-bahamas/

Interbank Market News Scan: The Caribbean, foreign exchange …

25 June 2021

Eastern Caribbean Central Bank-interest rates

ECCB Fixed Deposit Rate-1 month0%
ECCB Fixed Deposit Rate-2 months0%
ECCB Fixed Deposit Rate-3 months0%
*ECCU Minimum Savings Deposit Rate2%
ECCB Discount Rate2%
Source: Eastern Caribbean Central Bank

*Eastern Caribbean Currency Union

Foreign exchange rates of interest

Where base currency is XCDRates as of 1:03 am AST 25 June 2021Where term currency is XCDRates as of 1:03 am AST 25 June 2021
XCD/EUR0.3104EUR/XCD3.2216
XCD/GBP0.2657GBP/XCD3.7634
XCD/USD0.3704USD/XCD2.7000
XCD/CAD0.4559CAD/XCD2.1932
XCD/NGN152.1620NGN/XCD0.0066
XCD/CNY2.3963CNY/XCD0.4169
XCD/PLN1.4038PLN/XCD0.7118
XCD/PEN1.4613PEN/XCD0.6723
Source: OANDA

Eastern Caribbean Central Bank.  The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) announces two new products aimed at helping regional Micro, Small and Medium Enterprises (MSMEs) rebound and grow their businesses. https://www.eccb-centralbank.org/news/view/ecpcgc-offers-additional-products-to-help-small-businesses

Federal Reserve. The Federal Reserve Board on Thursday released the results of its annual bank stress tests, which showed that large banks continue to have strong capital levels and could continue lending to households and businesses during a severe recession. https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210624a.htm

Foreign exchange. Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country. https://www.bloomberg.com/news/articles/2021-06-24/chinese-banks-stockpile-record-1-trillion-of-foreign-currencies?sref=oriheOus

Foreign exchange. The EU is unlikely to grant U.K.-based financial firms automatic market access in all areas post-Brexit, according to a top British minister. https://www.bloomberg.com/news/articles/2021-06-24/u-k-says-equivalence-with-eu-unlikely-in-all-areas-of-finance?sref=oriheOus

Interbank. China’s interbank treasury bond index in net price opened at 985.08 points Friday, higher than the previous close of 984.84 points, according to the China Foreign Exchange Trade System. http://www.china.org.cn/china/Off_the_Wire/2021-06/25/content_77586945.htm

Interbank Market News Scan: Eastern Caribbean, foreign exchange …

24 June 2021

Eastern Caribbean Central Bank-interest rates

ECCB Fixed Deposit Rate-1 month0%
ECCB Fixed Deposit Rate-2 months0%
ECCB Fixed Deposit Rate-3 months0%
ECCU (1) Minimum Savings Deposit Rate2%
ECCB Discount Rate2%
Source: Eastern Caribbean Central Bank
  • (1) Eastern Caribbean Currency Union

Foreign exchange rates of interest

Where base currency is XCDRates as of 1:15 am AST 24 June 2021Where term currency is XCDRates as of 1:30 am AST 24 June 2021
XCD/EUR0.3103EUR/XCD3.2222
XCD/GBP0.2653GBP/XCD3.7689
XCD/USD0.3704USD/XCD2.7000
XCD/CAD0.4556CAD/XCD2.1946
XCD/NGN151.8860NGN/XCD0.0066
XCD/CNY2.3986CNY/XCD0.4168
XCD/PLN1.4026PLN/XCD0.7122
XCD/PEN1.4509PEN/XCD0.6771
Source: OANDA

Foreign exchange. On 26 May 2021, the Cabinet of Ministers of Ukraine adopted the Resolution adopted a Resolution setting out the procedure the tax authority should use to fine legal entities for violating currency legislation. https://www.lexology.com/library/detail.aspx?g=b6a6e9df-ddaa-49c7-821a-355d5b0cf097

Foreign exchange. The U.S. dollar vacillated below an 11-week high versus major peers on Thursday as traders attempted to navigate conflicting signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus. https://www.cnbc.com/2021/06/24/forex-markets-dollar-us-federal-reserve.html

Interbank. Flour millers in Nigeria are turning to the street market for dollars to buy wheat after the central bank restricted the use of the U.S. currency to buy grain imports, according to the country’s third-largest operator. https://www.bloomberg.com/news/articles/2021-06-23/nigeria-flour-millers-squeezed-by-central-bank-ban-on-imports?sref=oriheOus

Interbank. The overnight Shanghai Interbank Offered Rate (Shibor), which measures the borrowing cost of China‘s interbank market, decreased 9.3 basis points to 2.208 percent Wednesday. http://www.china.org.cn/china/Off_the_Wire/2021-06/23/content_77581796.htm Interbank. China’s central bank boosted its short-term cash injection for the first time since March as it sought to cater to a growing demand for liquidity while keeping leverage in check. https://www.bloomberg.com/news/articles/2021-06-24/china-lifts-short-term-cash-injection-for-first-time-since-march?sref=oriheOus

Interbank Market News Scan: Eastern Caribbean, foreign exchange, banks …

Links to follow …

Banks. The stock market has been volatile, but it’s been a very solid year on -— and for — Wall Street. https://www.cnn.com/2021/06/21/investing/bank-stocks-economy/index.html

Banks.  Bitcoin has fallen below $30,000 for the first time in more than five months, hit by China’s crackdown on the world’s most popular cryptocurrency. https://news.yahoo.com/china-tells-banks-stop-supporting-044021987.html

Eastern Caribbean Central Bank-interest rates

ECCB Fixed Deposit Rate-1 month0%
ECCB Fixed Deposit Rate-2 months0%
ECCB Fixed Deposit Rate-3 months0%
ECCU (1) Minimum Savings Deposit Rate2%
ECCB Discount Rate2%
Source: Eastern Caribbean Central Bank
  • (1) Eastern Caribbean Currency Union

Eastern Caribbean Securities Exchange

Bank share prices as of 22 June 2021

The Bank of Nevis Ltd.$3.75
Bank of St. Vincent and the Grenadines$6.70
East Caribbean Financial Holding Company Ltd$4.00
Grenada Co-operative Bank Ltd.$8.88
Republic Bank (Grenada) Ltd.$45.00
St. Kitts Nevis Anguilla National Bank Ltd.$2.80
Source: Eastern Caribbean Securities Exchange

Foreign exchange rates of interest

Currency PairsRates as of 1:15 am AST 23 June 2021
XCD/EUR0.3109
XCD/GBP0.2662
XCD/USD0.3704
XCD/CAD0.4577
XCD/NGN152.0730
XCD/CNY2.3974
XCD/PLN1.4063
XCD/PEN1.4522
Source: OANDA

Interbank Market News Scan: Eastern Caribbean

Links to follow …

Banks. When the European Union launched the euro two decades ago, economists wondered if this novel currency might pull off a feat none other had managed in the post-war period: to challenge the mighty American dollar. https://www.economist.com/finance-and-economics/2021/06/21/the-international-role-of-the-euro

Banks.  Online-only assets like Bitcoin and Ethereum have become a lucrative opportunity for millions of savvy amateur investors, but now Russia’s central bank is warning people to steer clear of what could end up being a very risky buy. https://www.rt.com/russia/527147-crypto-central-bank-warning/

Banks. London Offered Interbank Rates (LIBOR). https://www.brecorder.com/news/40101846/libor-interbank-offered-rates

Banks. Wall Street regulators delivered a uniform message to President Joe Biden Monday: the huge capital buffers that banks built up over the pandemic are protecting the financial system from looming threats. https://www.bloomberg.com/news/articles/2021-06-21/banks-robust-capital-mitigates-risks-regulators-tell-biden?srnd=premium&sref=oriheOus

Banks. Banks looking to expand into the wild world of crypto are getting a pointed reminder from regulators of the risks involved. https://www.bloomberg.com/news/articles/2021-06-21/banks-chart-cautious-crypto-policy-with-regulators-taking-aim?sref=oriheOus

Eastern Caribbean Securities Exchange

Bank share prices as of 21 June 2021

The Bank of Nevis Ltd.$3.75
Bank of St. Vincent and the Grenadines$6.70
East Caribbean Financial Holding Company Ltd$4.00
Grenada Co-operative Bank Ltd.$8.88
Republic Bank (Grenada) Ltd.$45.00
St. Kitts Nevis Anguilla National Bank Ltd.$2.80
Source: Eastern Caribbean Securities Exchange

Eastern Caribbean Central Bank-interest rates

ECCB Fixed Deposit Rate-1 month0%
ECCB Fixed Deposit Rate-2 months0%
ECCB Fixed Deposit Rate-3 months0%
ECCU (1) Minimum Savings Deposit Rate2%
ECCB Discount Rate2%
Source: Eastern Caribbean Central Bank
  • (1) Eastern Caribbean Currency Union

Foreign exchange rates of interest

Currency PairsRates as of 1:15 am AST 22 June 2021
XCD/EUR0.3114
XCD/GBP0.2670
XCD/USD0.3704
XCD/CAD0.4597
XCD/NGN151.9260
XCD/CNY2.3940
XCD/PLN1.4125
XCD/PEN1.4578
Source: OANDA

22 June 2021

Would Virgin Islanders prefer to be an American outpost?

Growing up in the U.S. Virgin Islands I noticed the rift between those who considered themselves ancestral Virgin Islanders and those of us who were either born in or children of people born in the Eastern Caribbean.  This rift, in my opinion, was fueled by the native Virgin Islander belief that being citizens of the United States gave them a certain privilege or right to be condescending to anyone else from the Caribbean.  It was never surprising to hear a “local” refer to down-islanders as “garrot” or “islo” in reference to the fact that the person being persecuted came from further south and east in the Lesser Antilles.

It is no wonder so many of our families started separate civic organizations like the Nevis Benevolent Society or formed churches such as the Bethel Baptist Missionary Baptist Church whose membership was comprised mostly of individuals who hailed from the British Virgin Islands, St. Kitts, Nevis, Anguilla, and Antigua.

On the other hand, arguably this behavior from native-born Virgin Islanders, albeit condescending and disrespectful of those whose lineage did not historically run through the Virgin Islands from birth, may be part of a native attempt to maintain a Virgin Islands identity unique from other Caribbean nations and territories. 

Virgin Islanders have likely struggled with identity dualism since the territory was formally transferred to the United States from Denmark in March 1917.  The identity struggle likely intensified as the U.S. Virgin Islands found itself surrounded by a Caribbean tossing off governance from European powers and going their own way.  Jamaica gained its independence from the United Kingdom in 1962.  Barbados and Guyana also broke from the United Kingdom in 1966.  St. Vincent and the Grenadines went their own way in 1979, while Antigua and Barbuda and St. Christopher (St. Kitts) and Nevis gained independence in 1981 and 1983, respectively.

The schizophrenia of being a Virgin Islander and an American tends to be received with more indifference and a smirk from Caribbean nations versus respect as a Caribbean neighbor.   

This schizophrenia apparently seeped into the constitutional politics of the Virgin Islands.  In its fifth attempt in 2010 to draft a constitution for the US Virgin Islands, the constitutional drafting committee ran afoul of the US Department of Justice by recommending tax exemptions for ancestral native Virgin Islanders and native Virgin Islanders.  A native Virgin Islander is defined as someone born in the Virgin Islands on or after 28 June 1932.  An ancestral native Virgin Islander is defined as someone born in the Virgin Islands prior to and including 28 June 1932 as well as descendants of such individuals whether residing in the territory or not.

Under the proposed constitution, ancestral native Virgin Islanders and their descendants would receive a tax exemption on ownership real property.  This exemption would not flow to native Virgin islanders or any non-Virgin Islander domiciled in the territory.  A law distinguishing who would receive and not receive a tax benefit based on place and timing of birth, in the opinion of the Justice Department, would create multiple tiers of citizens. These designations, apparently not tied to a legitimate governmental interest, would run afoul of the Equal Protection Clause of the U.S. Constitution.

The Department of Justice was also concerned with the drafting committee’s apparent attempt to usurp United States sovereignty over the coastal waters of the Virgin Islands.  In its constitutional proposal, the committee provided language that the Virgin Islands would exercise sovereignty over its inter-island waters and over waters extending twelve nautical miles from each island’s coast up to the borders with international waters.  The lack of mention of US sovereignty over this twelve-mile area, in the Justice Department’s opinion, raised the concern that such a measure, if enacted, would violate federal law.  

At the end of the day, the initiative to draft a constitution adds weight to what University of the Virgin Islands professor Paul Leary identified in a 2020 opinion piece discussing the feasibility of an independent U.S. Virgin Islands.  The Virgin Islands is experiencing “the absence of a clear national identity.”  His observation is a reminder that a national identity is the platform upon which a country must be built.  The Virgin Islands are way too small to play “nation-state” politics.  The size of the territory would only lead to more intense conflict among groups of native and non-native Virgin Islanders trying to divide up a near non-existent pie.

The cohesiveness necessary for nationhood in the U.S. Virgin Islands may be two to three generations away, but given the economic circumstances of the territory, where young people constantly move to the mainland for work and business opportunity, the development of a cohesive nation may experience unacceptable delay.  In the meantime, the Virgin Islands of the United States may have to optimize its status as an American outpost in the Caribbean; subject to scorn from its independent neighbors, relying on the United States for its identity, and pushing away its Caribbean brethren.      

Interbank Market News Scan: Eastern Caribbean; foreign exchange, Caribbean development …

18 June 2021

Links to follow …

Eastern Caribbean Central Bank. The ECCB two-month and three-month fixed deposit rates remained at 0%.  The ECCB discount rate remained at 2%.

Eastern Caribbean Securities Exchange. No securities trades or bond issues to report.

Interbank. The pound’s popularity in cross-border payments tumbled to its lowest level in more than a decade as the U.K. navigates the post-Brexit landscape, while the euro edged out the dollar for the top spot last month. https://www.bloomberg.com/news/articles/2021-06-17/pound-falters-in-global-payments-while-euro-climbs-to-top-spot?sref=oriheOus

Banks. The European Central Bank said it will grant lenders about 70 billion euros ($83 billion) of capital relief by extending a measure designed to help them keep supplying credit to the pandemic-struck economy. https://www.bloomberg.com/news/articles/2021-06-18/ecb-to-extend-leverage-ratio-relief-for-banks-by-nine-months?sref=oriheOus

Banks. Most major banks will remain open Friday despite Juneteenth becoming a new federal holiday signed into law by President Joe Biden. Many remain open as they await direction and grapple with how to proceed after the law was quickly passed this week. https://www.usatoday.com/story/money/2021/06/18/juneteenth-2021-banks-open-federal-holiday/7740103002/

Foreign exchange. The pound dropped to the lowest level against the dollar in more than a month as a surge in coronavirus cases dented mounting confidence in the U.K.’s recovery. https://www.bloomberg.com/news/articles/2021-06-18/pound-tumbles-as-virus-resurgence-clouds-hope-for-u-k-recovery?sref=oriheOus

Caribbean development. The findings of the 2020 Annual Economic and Financial Review reveal that the economies of the ECCU countries suffered significant setback in 2020, mainly because of the impact of the COVID-19 pandemic. https://www.eccb-centralbank.org/news/view/2020-annual-economic-and-financial-review-highlights-setback-in-eccu-economies

Caribbean development. A new cooperation is emerging between the Organisation of Eastern Caribbean States (OECS) Diaspora and their home countries! https://pressroom.oecs.org/strengthening-ties-with-the-oecs-diaspora

Caribbean development.  Highlighting the importance of restructuring Caribbean economies, the Director of Economics at the Caribbean Development Bank (CDB), Ian Durant says increasing competitiveness has to be the top priority for inducing strong and inclusive growth and overcome the impact of the COVID-19 pandemic. https://www.caribank.org/newsroom/news-and-events/cdb-calls-improving-competitiveness-strong-inclusive-growth-after-covid-19

Foreign exchange rates of interest

Currency PairsRates as of 9:18 am AST 18 June 2021
XCD/EUR0.3100
XCD/GBP0.2654
XCD/USD0.3704
XCD/CAD0.4562
XCD/NGN151.6950
XCD/CNY2.3822
XCD/PLN1.4076
XCD/PEN1.4377
Source: OANDA

Interbank Market News Scan: Eastern Caribbean

16 June 2021

Links to follow ….

Interbank. China’s benchmark prices for spot interbank gold transactions were lower on Wednesday, according to the China Foreign Exchange Trade System.  http://www.china.org.cn/china/Off_the_Wire/2021-06/16/content_77571092.htm

Interbank. Many of the issues thrown up in the transition away from sterling Libor appear to have been addressed, Bank of England Governor Andrew Bailey said Monday, delivering a confident assessment of the U.K.’s exit from the discredited benchmark.  https://www.bloomberg.com/news/articles/2021-06-14/boe-s-bailey-says-sterling-libor-switch-is-pretty-much-there?sref=oriheOus

Interbank. Cuba, the island country located where the Caribbean Sea, Gulf of Mexico, and the Atlantic Ocean meet, said this week U.S. dollars will be suspended in the country. The mandate comes from the country’s central bank and foreign tourists have been told to leave U.S. dollars at home when visiting. https://news.bitcoin.com/cubas-central-bank-suspends-us-dollar-deposits-nationwide-officials-cite-embargo/

Interbank. The Cayman Islands, U.S. and Gibraltar are the top locations where crypto hedge funds are domiciled, according to a report by PwC and Elwood Asset Management. https://finance.yahoo.com/news/cayman-islands-u-gibraltar-top-123005084.html

Interbank. St Kitts and Nevis formalises diplomatic relations with Cameroon, deepening relations with the African continent.  https://www.prnewswire.com/news-releases/st-kitts-and-nevis-formalises-diplomatic-relations-with-cameroon-deepening-relations-with-african-continent-301313009.html

Foreign Exchange rates of interest ….

Currency PairsRates as of 10:32 am AST 16 June 2021
XCD/EUR0.3055
XCD/GBP0.2628
XCD/USD0.3704
XCD/CAD0.4507
XCD/NGN152.4750
XCD/CNY2.3707
XCD/PLN1.3822
XCD/PEN1.4302
Source: OANDA

Interbank Market News Scan: Eastern Caribbean; Dominica issues 91-day T-bill …

Eastern Caribbean Securities Exchange

Yesterday, on the Regional Government Securities Market, the Government of the Commonwealth of Dominica issued a 91-day Treasury bill raising $20 million.  The pricing methodology used in the issue resulted in a discount rate of 3.96050%.

Today, the Government of Antigua and Barbuda is expected to auction a 180-day Treasury bill at EC$10 million at a maximum rate of 4%.

There were no trades yesterday on the Eastern Caribbean Securities Exchange.

Links to follow …

Banks. “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.” — Deutsche Bank. https://thehill.com/opinion/finance/557743-deutsche-bank-issues-dire-economic-warning-for-america

Banks. Overdraft fees remain a money-making machine for banks and a devastating financial gotcha for poor families and communities of color. https://www.freep.com/story/money/personal-finance/susan-tompor/2021/06/11/ally-bank-pnc-huntington-launch-overdraft-ideas-industry-criticized/7581786002/

Banks. Today the Swiss National Bank announced it’s participating in a wholesale central bank digital currency (CBDC) trial with the Banque de France, and the BIS Innovation Hub. The solution aims to use the digital Swiss Franc and digital Euro to settle cross border trades for financial instruments such as stock or bonds on a blockchain. The central banks don’t want the tests to be interpreted as a decision to launch a CBDC. https://www.ledgerinsights.com/central-banks-of-switzerland-france-in-wholesale-cbdc-trial/

Currency PairsRates as of 11:30 am AST 11 June 2021Rates as of 11 June 2020Change in rates
XCD/EUR0.30430.3259(6.6%)
XCD/GBP0.26200.2904(9.8%)
XCD/USD0.37040.3704flat
XCD/CAD0.44830.4961(9.6%)
XCD/NGN152.3700142.94006.6%
XCD/CNY2.36572.6164(9.6%)
XCD/PLN1.36081.4502(6.2%)
XCD/PEN1.429131.262313.2%

Source: OANDA

Interbank Market News Scan: Eastern Caribbean, foreign exchange, remittances …

9 June 2021

Links you should follow …

Eastern Caribbean Securities Exchange.  No trades were made by the end of the trading day, 8 June 2021. https://www.ecseonline.com/wp-content/uploads/2021/06/ECSE-DAILY-TRADE-REPORT-8Jun21.pdf

Eastern Caribbean Securities Exchange. S.L. Horsford & Company Limited to hold 30th annual general meeting. https://www.ecseonline.com/wp-content/uploads/2021/05/SLH_NoticeofAGM_2021.pdf

Banks.  The St.Kitts-Nevis-Anguilla National Bank Limited to hold its 50th annual general meeting. https://www.ecseonline.com/wp-content/uploads/2021/06/3-6-21_SKNANB_Notice-of-Meeting.pdf

Remittances. Dominicans living abroad have not only sent more remittances to the country between January and April of this year when compared to the same period in 2020, with a growth of 64.8%, but they have also increased the amount by transactions. https://dominicantoday.com/dr/uncategorized/2021/06/08/dominican-republic-remittances-jump-64-8-to-april/

Foreign exchange. UK businesses which make regular overseas payments are losing out on hundreds of pounds per transaction thanks to inferior foreign exchange rates charged by Britain’s biggest banks.  https://www.thisismoney.co.uk/money/smallbusiness/article-9625805/Is-bank-ripping-business-costly-foreign-exchange-mark-ups.html

Interbank. LIBOR offered interbank rates. https://www.brecorder.com/news/40098690/libor-interbank-offered-rates

Eastern Caribbean Central Bank. DCash, the digital version of the EC dollar, is set to go live in Saint Vincent and The Grenadines by the end of June. https://www.eccb-centralbank.org/news/view/eccb-to-launch-dcash-in-saint-vincent-and-the-grenadines-in-june

Foreign exchange rates of interest…. 

Source: OANDA

Currency PairsRates as of 11:30 am AST 9 June 2021Rates as of 9 June 2020Change in rates
XCD/EUR0.30410.3279(7.3%)
XCD/GBP0.26170.2916(10.3%)
XCD/USD0.37040.3704flat
XCD/CAD0.44790.4962(9.7%)
XCD/NGN152.3500143.11806.4%
XCD/CNY2.36872.6201(9.6%)
XCD/PLN1.35781.4524(6.5%)
XCD/PEN1.44431.261714.4%