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Movement In Reserves

FX Structure | FX Mgt Before Now. | FX Mkt | Debt Conversion | Exchange Rate Policy | Movement in Reserves | International Payments | Reserve Management

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 %
10/22/2021  41,116,768,322  40,884,827,558  231,940,765 

0.56%

10/21/2021  40,957,507,994  40,725,306,318  232,201,676 

0.57%

10/20/2021  40,762,985,461  40,530,493,472  232,491,990 

0.57%

10/18/2021  40,385,950,274  40,152,739,298  233,210,976 

0.58%

10/15/2021  39,819,504,413  39,585,183,306  234,321,107 

0.59%

10/14/2021  39,620,260,264  39,385,537,001  234,723,263 

0.59%

10/13/2021  39,420,049,023  39,184,931,881  235,117,142 

0.60%

10/12/2021  39,212,664,138  38,977,166,312  235,497,825 

0.60%

10/11/2021  39,007,427,999  38,771,531,216  235,896,783 

0.60%

10/8/2021  38,386,867,623  38,149,683,899  237,183,724 

0.62%

10/7/2021  38,184,221,575  37,946,582,763  237,638,812 

0.62%

10/6/2021  37,992,347,240  37,754,272,861  238,074,379 

0.63%

10/4/2021  37,568,183,108  37,329,245,655  238,937,453 

0.64%

9/30/2021  36,782,343,500  36,541,643,287  240,700,213 

0.65%

9/29/2021  36,595,475,083  36,354,309,648  241,165,435 

0.66%

9/28/2021  36,412,921,975  36,171,497,535  241,424,439 

0.66%

9/27/2021  36,260,708,375  36,019,074,041  241,634,334 

0.67%

9/24/2021  36,108,455,107  35,866,279,560  242,175,547 

0.67%

9/23/2021  36,088,900,956  35,846,560,036  242,340,920 

0.67%

9/22/2021  35,953,688,001  35,711,274,612  242,413,389 

0.67%

9/21/2021  35,825,097,397  35,582,620,952  242,476,445 

0.68%

9/20/2021  35,735,657,554  35,493,113,768  242,543,785 

0.68%

9/17/2021  35,455,219,333  35,212,811,331  242,408,002 

0.68%

9/16/2021  35,366,333,234  35,123,706,525  242,626,709 

0.69%

9/15/2021  35,271,675,391  35,027,877,749  243,797,643 

0.69%

9/14/2021  35,189,454,975  34,944,425,630  245,029,344 

0.70%

9/13/2021  35,109,300,949  34,863,058,421  246,242,528 

0.70%

9/10/2021  34,859,257,747  34,609,487,660  249,770,087 

0.72%

9/9/2021  34,779,357,298  34,528,526,851  250,830,448 

0.72%

9/8/2021  34,699,475,246  34,447,521,969  251,953,277 

0.73%

9/7/2021  34,597,022,538  34,343,952,855  253,069,684 

0.73%

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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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