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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 %
7/8/2016  26,417,534,452  25,776,022,198  641,512,254 

2.43%

7/4/2016  26,398,054,759  25,756,408,219  641,646,541 

2.43%

7/1/2016  26,390,357,037  25,748,659,484  641,697,553 

2.43%

6/30/2016  26,363,435,289  25,721,489,399  641,945,890 

2.43%

6/29/2016  26,332,628,569  25,690,405,434  642,223,135 

2.44%

6/28/2016  26,349,650,126  25,707,139,314  642,510,812 

2.44%

6/27/2016  26,367,130,894  25,724,342,360  642,788,534 

2.44%

6/24/2016  26,415,265,912  25,771,635,638  643,630,273 

2.44%

6/23/2016  26,424,138,284  25,780,211,135  643,927,149 

2.44%

6/22/2016  26,434,875,124  25,790,768,978  644,106,146 

2.44%

6/21/2016  26,447,053,510  25,802,742,897  644,310,613 

2.44%

6/20/2016  26,443,345,035  25,798,679,883  644,665,152 

2.44%

6/17/2016  26,445,433,756  25,799,722,934  645,710,822 

2.44%

6/16/2016  26,443,785,537  25,797,695,205  646,090,332 

2.44%

6/15/2016  26,447,628,906  25,801,155,752  646,473,154 

2.44%

6/14/2016  26,449,794,621  25,802,952,529  646,842,092 

2.45%

6/13/2016  26,448,391,392  25,801,172,651  647,218,741 

2.45%

6/10/2016  26,430,082,452  25,781,834,322  648,248,130 

2.45%

6/9/2016  26,423,473,238  25,774,887,813  648,585,425 

2.45%

6/8/2016  26,401,408,492  25,752,480,661  648,927,831 

2.46%

6/7/2016  26,383,208,721  25,733,977,691  649,231,030 

2.46%

6/6/2016  26,374,462,611  25,724,898,374  649,564,236 

2.46%

6/3/2016  26,372,074,606  25,721,549,532  650,525,073 

2.47%

6/2/2016  26,372,681,186  25,721,814,572  650,866,614 

2.47%

6/1/2016  26,377,096,590  25,725,893,783  651,202,807 

2.47%

5/31/2016  26,387,286,124  25,735,985,326  651,300,798 

2.47%

5/27/2016  26,422,899,284  25,771,305,329  651,593,956 

2.47%

5/26/2016  26,439,683,894  25,787,999,945  651,683,949 

2.46%

5/25/2016  26,455,651,003  25,803,940,683  651,710,320 

2.46%

5/24/2016  26,483,985,711  25,832,247,122  651,738,589 

2.46%

5/23/2016  26,506,667,908  25,854,857,947  651,809,961 

2.46%

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Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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