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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 %
4/9/2021  35,035,877,380  34,780,429,831  255,447,549 

0.73%

4/8/2021  35,006,147,824  34,750,298,214  255,849,610 

0.73%

4/7/2021  34,977,191,814  34,720,963,503  256,228,311 

0.73%

4/6/2021  34,975,404,900  34,718,768,933  256,635,966 

0.73%

4/1/2021  34,845,580,171  34,584,881,264  260,698,907 

0.75%

3/31/2021  34,820,456,887  34,558,926,030  261,530,857 

0.75%

3/30/2021  34,792,582,814  34,530,215,872  262,366,942 

0.75%

3/29/2021  34,764,790,091  34,501,663,669  263,126,422 

0.76%

3/26/2021  34,674,122,861  34,408,717,243  265,405,618 

0.77%

3/25/2021  34,645,350,604  34,379,176,771  266,173,833 

0.77%

3/24/2021  34,623,027,424  34,356,017,196  267,010,228 

0.77%

3/23/2021  34,598,924,182  34,331,111,933  267,812,249 

0.77%

3/22/2021  34,571,940,880  34,303,343,235  268,597,645 

0.78%

3/19/2021  34,456,231,077  34,186,262,124  269,968,953 

0.78%

3/18/2021  34,416,654,369  34,146,172,644  270,481,725 

0.79%

3/17/2021  34,441,940,092  34,170,926,326  271,013,766 

0.79%

3/16/2021  34,475,618,425  34,204,075,289  271,543,136 

0.79%

3/15/2021  34,504,783,553  34,232,681,974  272,101,579 

0.79%

3/12/2021  34,593,150,761  34,319,975,074  273,175,686 

0.79%

3/11/2021  34,629,642,307  34,355,962,817  273,679,490 

0.79%

3/10/2021  34,666,178,880  34,391,996,496  274,182,384 

0.79%

3/9/2021  34,711,125,499  34,436,489,373  274,636,126 

0.79%

3/8/2021  34,741,033,465  34,465,984,418  275,049,047 

0.79%

3/5/2021  34,842,747,314  34,566,506,653  276,240,661 

0.79%

3/4/2021  34,877,931,165  34,601,324,479  276,606,686 

0.79%

3/3/2021  34,915,277,373  34,638,323,593  276,953,780 

0.79%

3/2/2021  34,956,816,663  34,679,513,322  277,303,341 

0.79%

3/1/2021  34,998,144,389  34,720,449,198  277,695,191 

0.79%

2/26/2021  35,099,861,582  34,820,844,103  279,017,479 

0.79%

2/25/2021  35,136,511,608  34,857,056,470  279,455,138 

0.80%

2/24/2021  35,171,382,801  34,891,510,778  279,872,023 

0.80%

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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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