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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 %
10/3/2023  33,226,321,385  32,472,548,308  753,773,077 

2.27%

9/29/2023  33,237,603,572  32,494,015,373  743,588,199 

2.24%

9/28/2023  33,242,364,043  32,501,215,531  741,148,512 

2.23%

9/26/2023  33,251,343,687  32,513,606,317  737,737,370 

2.22%

9/25/2023  33,261,165,807  32,525,171,801  735,994,006 

2.21%

9/22/2023  33,276,615,959  32,546,654,203  729,961,756 

2.19%

9/21/2023  33,280,104,047  32,551,560,993  728,543,054 

2.19%

9/20/2023  33,280,272,632  32,553,322,643  726,949,989 

2.18%

9/19/2023  33,283,049,916  32,558,289,294  724,760,622 

2.18%

9/18/2023  33,286,962,204  32,564,424,612  722,537,593 

2.17%

9/15/2023  33,296,351,900  32,575,269,445  721,082,455 

2.17%

9/14/2023  33,300,263,007  32,579,628,992  720,634,015 

2.16%

9/13/2023  33,294,357,961  32,570,967,802  723,390,159 

2.17%

9/12/2023  33,293,917,316  32,567,769,225  726,148,090 

2.18%

9/11/2023  33,293,300,404  32,565,221,047  728,079,357 

2.19%

9/8/2023  33,327,224,180  32,592,958,231  734,265,949 

2.20%

9/6/2023  33,391,452,585  32,651,688,830  739,763,755 

2.22%

9/5/2023  33,430,777,182  32,688,081,795  742,695,387 

2.22%

9/4/2023  33,464,320,240  32,718,867,537  745,452,703 

2.23%

9/1/2023  33,572,906,346  32,824,729,025  748,177,322 

2.23%

8/31/2023  33,954,113,884  33,208,417,499  745,696,385 

2.20%

8/30/2023  33,625,252,735  32,875,419,819  749,832,916 

2.23%

8/29/2023  33,653,196,899  32,902,630,704  750,566,195 

2.23%

8/28/2023  33,681,077,136  32,930,258,570  750,818,566 

2.23%

8/25/2023  33,729,721,362  32,978,126,690  751,594,672 

2.23%

8/24/2023  33,741,036,347  32,989,196,512  751,839,834 

2.23%

8/23/2023  33,751,621,852  32,999,597,935  752,023,918 

2.23%

8/22/2023  33,764,605,225  33,012,958,386  751,646,839 

2.23%

8/21/2023  33,775,718,097  33,024,308,626  751,409,472 

2.22%

8/18/2023  33,807,272,747  33,056,154,425  751,118,322 

2.22%

8/17/2023  33,820,931,335  33,070,035,418  750,895,918 

2.22%

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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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