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FX Structure |FX Mgt Before Now. | FX Mkt | Debt Conversion | Exch. Rate Policy
Movement in Reserves | International Payments | Reserve Management

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 %
5/25/2012  37,566,199,510  36,167,460,534  1,398,738,976 

3.73%

5/24/2012  37,547,904,766  36,147,648,003  1,400,256,762 

3.73%

5/23/2012  37,516,120,377  36,114,409,147  1,401,711,230 

3.74%

5/22/2012  37,482,285,499  36,079,146,052  1,403,139,447 

3.75%

5/21/2012  37,439,170,782  36,034,598,455  1,404,572,327 

3.76%

5/18/2012  37,285,969,561  35,877,638,791  1,408,330,770 

3.78%

5/17/2012  37,223,665,352  35,814,050,282  1,409,615,070 

3.79%

5/16/2012  37,151,633,303  35,740,840,036  1,410,793,267 

3.80%

5/15/2012  37,072,040,732  35,659,929,110  1,412,111,622 

3.81%

5/14/2012  37,023,607,843  35,610,330,750  1,413,277,093 

3.82%

5/11/2012  36,892,907,379  35,478,408,155  1,414,499,224 

3.84%

5/10/2012  36,850,285,379  35,435,615,533  1,414,669,846 

3.84%

5/9/2012  36,804,250,607  35,389,060,533  1,415,190,074 

3.85%

5/8/2012  36,758,001,914  35,342,317,635  1,415,684,279 

3.86%

5/7/2012  36,705,657,293  35,289,611,852  1,416,045,440 

3.86%

5/4/2012  36,784,924,268  35,368,246,187  1,416,678,081 

3.86%

5/3/2012  36,748,282,561  35,331,002,442  1,417,280,118 

3.86%

5/2/2012  36,706,773,997  35,288,932,829  1,417,841,169 

3.87%

4/30/2012  36,662,898,674  35,244,387,671  1,418,511,003 

3.87%

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%

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Frequently Asked Questions in this purview

Facts : 1/1/1995
Magnetic Ink Character Recognition:The Magnetic Ink Character Recognition (MICR) which is an automated system for sorting cheques and other financial instrumenTS. This facility came into effect in the early part of 1995.
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