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Movement In Reserves

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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:   

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Date Gross Liquid Blocked %
5/20/2016  26,569,781,370  25,917,761,286  652,020,084 

2.45%
5/19/2016  26,587,601,426  25,935,482,018  652,119,409 

2.45%
5/18/2016  26,625,969,381  25,973,759,792  652,209,589 

2.45%
5/17/2016  26,656,283,753  26,004,023,441  652,260,311 

2.45%
5/16/2016  26,684,140,242  26,031,843,075  652,297,168 

2.44%
5/13/2016  26,762,856,916  26,110,470,704  652,386,212 

2.44%
5/12/2016  26,783,763,751  26,131,336,170  652,427,581 

2.44%
5/11/2016  26,787,594,493  26,135,104,567  652,489,926 

2.44%
5/10/2016  26,801,402,556  26,148,856,227  652,546,329 

2.43%
5/9/2016  26,832,830,869  26,180,273,016  652,557,854 

2.43%
5/6/2016  26,898,915,483  26,246,243,253  652,672,231 

2.43%
5/5/2016  26,919,544,538  26,266,824,880  652,719,659 

2.42%
5/4/2016  26,946,979,106  26,294,204,659  652,774,447 

2.42%
5/3/2016  26,977,402,426  26,324,587,561  652,814,865 

2.42%
4/29/2016  27,089,608,047  26,436,725,450  652,882,596 

2.41%
4/28/2016  27,123,309,570  26,470,432,766  652,876,804 

2.41%
4/27/2016  27,149,903,122  26,497,130,221  652,772,901 

2.40%
4/26/2016  27,175,902,246  26,523,260,197  652,642,049 

2.40%
4/25/2016  27,202,532,190  26,550,013,331  652,518,859 

2.40%
4/22/2016  27,266,414,179  26,614,250,744  652,163,435 

2.39%
4/20/2016  27,308,024,023  26,656,083,422  651,940,601 

2.39%
4/19/2016  27,341,318,567  26,689,471,630  651,846,937 

2.38%
4/18/2016  27,368,428,896  26,716,657,113  651,771,783 

2.38%
4/15/2016  27,445,486,098  26,793,866,015  651,620,083 

2.37%
4/14/2016  27,450,405,612  26,798,866,255  651,539,356 

2.37%
4/13/2016  27,471,006,390  26,819,531,319  651,475,071 

2.37%
4/12/2016  27,499,002,593  26,847,610,558  651,392,035 

2.37%
4/11/2016  27,541,357,157  26,890,063,077  651,294,080 

2.36%
4/8/2016  27,639,305,395  26,988,274,500  651,030,895 

2.36%
4/7/2016  27,673,012,153  27,022,024,638  650,987,516 

2.35%
4/6/2016  27,707,692,115  27,056,692,724  650,999,390 

2.35%
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Facts : 1/1/1900
Central Banking:The earliest known bank of issue is the Riksbank of Sweden (1656). Modern central banking started with Bank of England (1694). Central Bank of Nigeria began operations in 1959.
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