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	%
7/6/2012	36,545,176,505	35,165,982,517	1,379,193,988	3.78%
7/5/2012	36,571,697,672	35,191,863,856	1,379,833,816	3.78%
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%
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Frequently Asked Questions in this purview

Facts : 1/1/1900
Agric Credit Guarantee Scheme:The Agricultural Credit Guarantee Scheme (ACGS) was established in 1977, under the management of the Central Bank of Nigeria. The scheme was designed to encourage banks to increase lending to the agricultural sector by providing guarantee against inherent risks.
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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)