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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 %
11/21/2014  37,179,751,555  36,169,232,206  1,010,519,348 

2.72%

11/20/2014  37,240,517,766  36,230,335,501  1,010,182,265 

2.71%

11/19/2014  37,309,616,359  36,299,843,655  1,009,772,705 

2.71%

11/18/2014  37,375,812,774  36,366,251,330  1,009,561,444 

2.70%

11/17/2014  37,424,986,467  36,415,572,142  1,009,414,325 

2.70%

11/14/2014  37,549,822,444  36,540,929,639  1,008,892,805 

2.69%

11/13/2014  37,596,252,035  36,587,754,789  1,008,497,246 

2.68%

11/12/2014  37,646,103,529  36,637,985,517  1,008,118,011 

2.68%

11/11/2014  37,698,570,407  36,690,737,049  1,007,833,357 

2.67%

11/10/2014  37,765,617,623  36,758,126,643  1,007,490,980 

2.67%

11/7/2014  37,979,986,005  36,973,448,546  1,006,537,459 

2.65%

11/6/2014  38,072,567,433  37,066,324,780  1,006,242,653 

2.64%

11/5/2014  38,160,431,307  37,154,368,604  1,006,062,703 

2.64%

11/4/2014  38,250,227,359  37,244,385,165  1,005,842,194 

2.63%

11/3/2014  38,324,170,405  37,318,627,424  1,005,542,981 

2.62%

11/2/2014  38,459,791,307  37,454,408,572  1,005,382,735 

2.61%

10/29/2014  38,763,253,526  37,758,634,481  1,004,619,046 

2.59%

10/28/2014  38,821,069,285  37,817,016,902  1,004,052,383 

2.59%

10/27/2014  38,863,400,432  37,859,418,819  1,003,981,613 

2.58%

10/24/2014  39,002,945,946  37,999,132,661  1,003,813,285 

2.57%

10/23/2014  39,063,642,187  38,059,762,476  1,003,879,711 

2.57%

10/22/2014  39,117,836,294  38,113,838,317  1,003,997,977 

2.57%

10/21/2014  39,169,764,114  38,165,702,661  1,004,061,453 

2.56%

10/20/2014  39,206,864,599  38,202,732,747  1,004,131,852 

2.56%

10/17/2014  39,353,411,133  38,349,779,691  1,003,631,443 

2.55%

10/16/2014  39,410,261,619  38,406,751,638  1,003,509,981 

2.55%

10/15/2014  39,469,690,270  38,466,239,828  1,003,450,441 

2.54%

10/14/2014  39,531,629,091  38,528,079,670  1,003,549,422 

2.54%

10/13/2014  39,536,561,687  38,532,794,730  1,003,766,957 

2.54%

10/10/2014  39,550,031,841  38,545,682,685  1,004,349,155 

2.54%

10/9/2014  39,561,654,356  38,556,601,160  1,005,053,196 

2.54%

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Facts : 1/1/1990
Guidlines for Licensed Banks:In 1990, the CBN introduced a set of Prudential guidelines for licensed banks which were complimentary to the capital adequacy requirement and statement of accounting standards. The guidelines spelt out the criteria to be adopted by banks in classifying non-performing loans.
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