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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 %
3/30/2020  35,260,811,489  34,574,890,980  685,920,509 

1.95%

3/27/2020  35,515,483,006  34,820,662,010  694,820,996 

1.96%

3/26/2020  35,590,254,308  34,892,607,508  697,646,800 

1.96%

3/25/2020  35,661,543,746  34,960,582,866  700,960,880 

1.97%

3/24/2020  35,710,163,426  35,005,866,196  704,297,230 

1.97%

3/23/2020  35,747,350,970  35,039,617,041  707,733,929 

1.98%

3/20/2020  35,892,334,652  35,174,463,531  717,871,121 

2.00%

3/19/2020  35,942,589,541  35,221,287,256  721,302,285 

2.01%

3/18/2020  35,979,284,368  35,254,530,909  724,753,459 

2.01%

3/17/2020  36,018,825,226  35,290,698,187  728,127,039 

2.02%

3/16/2020  36,050,032,069  35,318,535,773  731,496,296 

2.03%

3/13/2020  36,138,455,392  35,396,700,833  741,754,559 

2.05%

3/12/2020  36,159,103,990  35,413,522,514  745,581,476 

2.06%

3/10/2020  36,173,117,852  35,421,184,377  751,933,474 

2.08%

3/9/2020  36,181,491,483  35,426,608,089  754,883,394 

2.09%

3/5/2020  36,220,774,623  35,464,556,555  756,218,069 

2.09%

3/4/2020  36,245,371,094  35,488,792,845  756,578,249 

2.09%

3/3/2020  36,246,469,538  35,489,474,528  756,995,009 

2.09%

3/2/2020  36,261,373,279  35,504,117,183  757,256,097 

2.09%

2/28/2020  36,299,517,218  35,541,236,810  758,280,409 

2.09%

2/27/2020  36,329,195,481  35,570,571,958  758,623,524 

2.09%

2/26/2020  36,377,354,683  35,618,231,255  759,123,427 

2.09%

2/25/2020  36,426,008,093  35,666,359,884  759,648,209 

2.09%

2/24/2020  36,469,339,025  35,709,133,881  760,205,143 

2.08%

2/21/2020  36,638,114,443  35,876,596,195  761,518,248 

2.08%

2/20/2020  36,695,877,926  35,934,072,822  761,805,105 

2.08%

2/19/2020  36,771,293,534  36,009,100,336  762,193,198 

2.07%

2/18/2020  36,852,999,825  36,090,285,308  762,714,516 

2.07%

2/17/2020  36,932,718,824  36,169,478,010  763,240,813 

2.07%

2/14/2020  37,151,501,311  36,386,830,485  764,670,825 

2.06%

2/13/2020  37,231,836,221  36,466,714,058  765,122,163 

2.06%

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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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