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	%
4/27/2012	36,520,294,186	35,099,101,308	1,421,192,878	3.90%
4/26/2012	36,479,237,302	35,057,100,259	1,422,137,042	3.90%
4/25/2012	36,438,301,655	35,015,170,490	1,423,131,165	3.91%
4/24/2012	36,396,777,660	34,972,574,691	1,424,202,969	3.92%
4/23/2012	36,349,254,227	34,924,243,582	1,425,010,646	3.93%
4/20/2012	36,215,165,105	34,787,716,772	1,427,448,332	3.95%
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%
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Frequently Asked Questions in this purview

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
See All: Facts \| Events

Facts : 1/7/1959

Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.

See All: Facts | Events

Related Links
Forex Market
Forex Structure
Forex Management
International Payments

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)