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	%
9/18/2012	40,811,695,013	39,491,174,690	1,320,520,323	3.24%
9/17/2012	40,758,035,402	39,437,172,144	1,320,863,258	3.24%
9/14/2012	40,568,255,619	39,246,863,070	1,321,392,549	3.26%
9/13/2012	40,488,376,474	39,166,784,062	1,321,592,412	3.26%
9/12/2012	40,409,596,459	39,087,553,013	1,322,043,445	3.27%
9/11/2012	40,282,451,919	38,960,076,000	1,322,375,919	3.28%
9/10/2012	40,167,418,597	38,844,851,431	1,322,567,166	3.21%
9/7/2012	39,848,103,938	38,525,358,873	1,322,745,065	3.32%
9/6/2012	39,758,359,577	38,435,215,289	1,323,144,288	3.33%
9/5/2012	39,554,965,915	38,231,620,854	1,323,345,061	3.35%
9/4/2012	39,351,978,615	38,028,371,064	1,323,607,551	3.70%
9/3/2012	39,225,287,024	37,901,520,053	1,323,766,971	3.70%
8/31/2012	38,854,002,243	37,529,860,221	1,324,142,021	3.70%
8/30/2012	38,736,205,071	37,411,880,048	1,324,325,023	3.70%
8/29/2012	38,620,525,992	37,295,912,414	1,324,613,578	3.70%
8/28/2012	38,504,696,217	37,179,661,889	1,325,034,328	3.70%
8/27/2012	38,379,251,456	37,053,897,753	1,325,353,703	3.70%
8/24/2012	38,005,222,649	36,678,562,982	1,376,659,666	3.70%
8/23/2012	37,876,788,441	36,549,184,671	1,327,603,770	3.70%
8/22/2012	37,753,128,250	36,424,615,076	1,328,513,174	3.70%
8/17/2012	37,160,875,377	35,825,695,927	1,335,179,450	3.70%
8/16/2012	37,021,967,016	35,685,302,815	1,336,664,201	3.70%
8/15/2012	36,916,410,505	35,578,153,995	1,338,256,511	3.70%
8/14/2012	36,810,099,217	35,470,378,360	1,339,720,857	3.70%
8/13/2012	36,696,999,193	35,355,794,003	1,341,205,190	3.70%
8/10/2012	36,511,260,947	35,164,944,799	1,346,316,208	3.70%
8/9/2012	36,465,852,627	35,117,854,447	1,347,998,180	3.70%
8/8/2012	36,412,422,228	35,063,125,239	1,349,296,989	3.71%
8/7/2012	36,356,393,269	35,006,217,762	1,350,175,508	3.71%
8/6/2012	36,408,399,425	35,057,151,423	1,351,248,002	3.71%
8/3/2012	36,579,327,573	35,224,783,991	1,354,543,581	3.70%
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Frequently Asked Questions in this purview

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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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)