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	%
8/3/2012	36,579,327,573	35,224,783,991	1,354,543,581	3.70%
8/2/2012	36,566,336,897	35,210,274,107	1,356,062,790	3.71%
8/1/2012	36,546,676,541	35,189,149,299	1,357,527,242	3.72%
7/31/2012	36,528,797,536	35,169,787,236	1,359,010,300	3.73%
7/30/2012	36,500,546,808	35,140,110,031	1,360,436,777	3.73%
7/27/2012	36,426,688,426	35,062,490,566	1,364,197,859	3.75%
7/26/2012	36,412,666,247	35,047,198,139	1,365,468,108	3.75%
7/25/2012	36,403,703,249	35,037,009,683	1,366,693,567	3.76%
7/24/2012	36,403,418,310	35,035,992,394	1,367,425,916	3.76%
7/23/2012	36,391,121,323	35,022,869,752	1,368,251,571	3.76%
7/20/2012	36,365,654,316	34,994,881,189	1,370,773,128	3.77%
7/19/2012	36,371,416,240	34,999,638,681	1,371,777,558	3.78%
7/18/2012	36,379,100,008	35,006,487,430	1,372,612,577	3.78%
7/17/2012	36,420,992,370	35,047,470,798	1,373,521,572	3.78%
7/16/2012	36,418,686,770	35,044,778,925	1,373,907,845	3.78%
7/13/2012	36,429,710,135	35,054,684,830	1,375,025,305	3.78%
7/12/2012	36,450,568,264	35,075,075,141	1,375,493,122	3.78%
7/11/2012	36,479,564,300	35,103,634,805	1,375,929,495	3.78%
7/10/2012	36,497,704,064	35,120,780,500	1,376,923,563	3.78%
7/9/2012	36,508,584,087	35,131,302,305	1,377,281,782	3.78%
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%
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Frequently Asked Questions in this purview

Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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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)