Data and Statistics

Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2009

Month	October	November	December
DAS/WDAS (USD)	149.36	150.85	149.69
IFEM (USD)	150.22	151.03	149.80
BDC (USD)	153.05	152.95	153.48
POUNDS	239.53	248.34	240.98
EURO	219.35	223.07	216.82
CFAFr	0.33	0.34	0.33

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Monthly Average Exchange Rates of the Naira
DAS/WDAS = Dutch Auction System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC is Bureau de Change *DAS/WDAS exchange rate from August 2005, include 1 per cent commission

Facts : 3/1/1970
ORGANISATION AND GROWTH:In March, 1970, the Board of Directors employed the services of W.H. Rozell (Junior), a consultant, to, among other things, review the existing structure and size of the Bank Departments. In the same year, Rozell proposed a new organisational structure for the CBN.
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