International Operations

The Movement in Reserves
(30-Day Moving Average with effect from November 2011)

The evolution of the foreign exchange market in Nigeria has been influenced by a number of factors such as the changing pattern of international trade, institutional changes in the economy and structural shifts in production. Prior to the establishment of the Central Bank of Nigeria (CBN) and the enactment of the Exchange Control Act of 1962, foreign

Before:

Date	Gross	Liquid	Blocked	%
4/19/2012	36,184,222,371	34,755,571,489	1,428,650,882	3.95%
4/18/2012	36,151,354,539	34,721,459,513	1,429,895,027	3.96%
4/17/2012	36,150,452,788	34,719,314,771	1,431,138,017	3.96%
4/16/2012	36,142,314,856	34,710,274,565	1,432,040,290	3.97%
4/13/2012	36,087,494,507	34,653,013,057	1,434,481,450	3.98%
4/12/2012	36,048,849,506	34,613,620,983	1,435,228,523	3.99%
4/11/2012	36,008,626,785	34,572,548,590	1,436,078,195	3.99%
4/10/2012	35,969,437,141	34,532,456,497	1,436,980,644	4.00%
4/5/2012	35,836,544,099	34,394,416,247	1,442,127,852	4.03%
4/4/2012	35,822,362,444	34,379,579,400	1,442,783,045	4.03%
4/3/2012	35,801,180,292	34,358,068,788	1,443,111,504	4.04%
4/2/2012	35,750,218,582	34,306,873,501	1,443,345,081	4.04%
3/30/2012	35,600,868,230	34,165,129,478	1,435,738,752	4.04%
3/29/2012	35,556,213,831	34,122,680,824	1,433,533,006	4.04%
3/28/2012	35,514,760,239	34,083,327,216	1,431,433,022	4.04%
3/27/2012	35,469,632,970	34,040,399,694	1,429,233,276	4.03%
3/26/2012	35,420,743,903	33,993,689,382	1,427,054,521	4.03%
3/23/2012	35,276,143,484	33,855,299,261	1,420,844,224	4.03%
3/22/2012	35,233,362,783	33,814,478,793	1,418,883,990	4.03%
3/21/2012	35,188,797,060	33,771,981,537	1,416,815,523	4.03%
3/20/2012	35,136,751,849	33,722,840,438	1,413,911,411	4.03%
3/19/2012	35,076,730,045	33,665,717,500	1,411,012,545	4.03%
3/16/2012	34,880,586,554	33,477,752,639	1,402,833,915	4.03%
3/15/2012	34,809,178,315	33,408,910,172	1,400,268,143	4.03%
3/14/2012	34,777,958,176	33,380,024,624	1,397,933,553	4.02%
3/13/2012	34,747,636,902	33,352,204,010	1,395,432,892	4.02%
3/12/2012	34,748,914,692	33,355,955,948	1,392,958,744	4.01%
3/9/2012	34,685,357,699	33,300,206,830	1,385,150,869	4.00%
3/8/2012	34,682,292,250	33,299,740,099	1,382,552,151	3.99%
3/7/2012	34,672,581,901	33,292,914,963	1,379,666,938	3.98%
3/6/2012	34,659,371,422	33,282,332,125	1,377,039,297	3.98%
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Frequently Asked Questions in this purview

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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International Operations

The Movement in Reserves (30-Day Moving Average with effect from November 2011)

The Movement in Reserves
(30-Day Moving Average with effect from November 2011)