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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 %
10/26/2020  35,681,891,002  35,311,166,928  370,724,075 

1.04%

10/23/2020  35,669,394,023  35,297,404,513  371,989,511 

1.04%

10/22/2020  35,669,865,757  35,297,426,841  372,438,917 

1.04%

10/21/2020  35,671,852,168  35,298,939,566  372,912,602 

1.05%

10/20/2020  35,672,423,734  35,299,035,511  373,388,223 

1.05%

10/19/2020  35,671,619,729  35,297,755,522  373,864,206 

1.05%

10/16/2020  35,670,079,409  35,287,755,330  382,324,079 

1.07%

10/15/2020  35,672,289,720  35,282,507,722  389,781,998 

1.09%

10/14/2020  35,674,644,601  35,277,408,769  397,235,832 

1.11%

10/13/2020  35,687,127,084  35,282,275,264  404,851,820 

1.13%

10/12/2020  35,697,584,364  35,285,123,114  412,461,251 

1.16%

10/9/2020  35,717,255,419  35,282,145,524  435,109,895 

1.22%

10/8/2020  35,725,054,424  35,282,417,132  442,637,291 

1.24%

10/7/2020  35,731,671,742  35,281,109,963  450,561,780 

1.26%

10/6/2020  35,734,986,014  35,276,950,048  458,035,966 

1.28%

10/5/2020  35,739,084,627  35,273,706,012  465,378,615 

1.30%

10/2/2020  35,748,419,278  35,261,310,535  487,108,743 

1.36%

9/30/2020  35,738,842,864  35,244,488,203  494,354,661 

1.38%

9/29/2020  35,723,757,572  35,222,374,875  501,382,697 

1.40%

9/28/2020  35,720,019,669  35,211,761,894  508,257,776 

1.42%

9/25/2020  35,745,758,147  35,217,010,415  528,747,732 

1.48%

9/24/2020  35,756,814,134  35,221,320,609  535,493,524 

1.50%

9/23/2020  35,767,541,547  35,225,297,314  542,244,234 

1.52%

9/22/2020  35,782,284,068  35,233,315,905  548,968,163 

1.53%

9/21/2020  35,796,657,705  35,241,004,203  555,653,502 

1.55%

9/18/2020  35,814,868,103  35,239,243,136  575,624,968 

1.61%

9/17/2020  35,811,967,014  35,229,649,445  582,317,569 

1.63%

9/16/2020  35,805,216,819  35,217,385,556  587,831,263 

1.64%

9/15/2020  35,798,697,916  35,211,655,984  587,041,932 

1.64%

9/14/2020  35,794,953,561  35,208,805,411  586,148,149 

1.64%

9/11/2020  35,765,700,040  35,182,104,559  583,595,481 

1.63%

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Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.
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