Quick Links

Social Media
Home International Operations

International Operations

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 %
7/4/2012  36,529,665,029  35,150,080,184  1,379,584,844 

3.78%
7/3/2012  36,566,608,821  35,187,500,219  1,379,108,602 

3.78%
7/2/2012  36,602,741,234  35,224,185,853  1,378,555,381 

3.77%
6/29/2012  36,718,909,292  35,342,121,916  1,376,787,376 

3.75%
6/28/2012  36,768,298,167  35,391,994,830  1,376,303,337 

3.75%
6/27/2012  36,829,232,311  35,453,077,062  1,376,155,249 

3.74%
6/26/2012  36,886,648,983  35,510,737,613  1,375,911,370 

3.74%
6/25/2012  36,931,189,425  35,555,551,182  1,375,638,243 

3.73%
6/22/2012  37,076,904,406  35,702,334,796  1,374,569,609 

3.71%
6/21/2012  37,136,812,354  35,762,497,019  1,374,315,335 

3.71%
6/20/2012  37,190,196,510  35,816,409,349  1,373,787,160 

3.70%
6/19/2012  37,242,250,788  35,868,886,243  1,373,364,544 

3.69%
6/18/2012  37,276,792,515  35,903,875,267  1,372,917,248 

3.69%
6/15/2012  37,461,761,514  36,089,263,928  1,372,497,587 

3.67%
6/14/2012  37,550,571,225  36,177,946,615  1,372,624,611 

3.66%
6/13/2012  37,591,813,395  36,218,871,756  1,372,941,639 

3.66%
6/12/2012  37,625,769,380  36,252,291,770  1,373,477,610 

3.66%
6/11/2012  37,647,191,683  36,272,643,910  1,374,547,773 

3.66%
6/8/2012  37,719,577,786  36,342,479,474  1,377,098,312 

3.66%
6/7/2012  37,749,414,619  36,371,439,643  1,377,974,976 

3.66%
6/6/2012  37,768,304,328  36,389,458,729  1,378,845,599 

3.66%
6/5/2012  37,705,267,587  36,325,375,654  1,379,891,933 

3.66%
6/4/2012  37,699,709,861  36,317,865,522  1,381,844,338 

3.67%
6/1/2012  37,686,391,035  36,298,569,340  1,387,821,695 

3.69%
5/31/2012  37,688,257,244  36,298,414,927  1,389,842,317 

3.69%
5/30/2012  37,682,361,994  36,290,813,774  1,391,548,219 

3.70%
5/28/2012  37,644,455,804  36,249,845,507  1,394,610,297 

3.71%
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%
[1/9]

 

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

Related Links
Forex Market
Forex Structure
Forex Management
International Payments