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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 %
7/1/2020  36,168,413,962  35,579,980,311  588,433,650 

1.63%

6/29/2020  36,199,028,315  35,607,747,935  591,280,380 

1.63%

6/26/2020  36,214,049,836  35,620,332,703  593,717,133 

1.64%

6/25/2020  36,220,854,180  35,626,328,490  594,525,690 

1.64%

6/24/2020  36,235,221,208  35,640,457,710  594,763,498 

1.64%

6/23/2020  36,248,036,020  35,652,950,318  595,085,702 

1.64%

6/22/2020  36,260,110,143  35,664,709,486  595,400,656 

1.64%

6/19/2020  36,301,830,524  35,705,683,588  596,146,936 

1.64%

6/18/2020  36,316,049,578  35,719,600,388  596,449,191 

1.64%

6/17/2020  36,328,825,944  35,732,133,924  596,692,020 

1.64%

6/16/2020  36,334,236,735  35,737,026,503  597,210,233 

1.64%

6/15/2020  36,348,987,588  35,751,349,414  597,638,174 

1.64%

6/11/2020  36,448,076,497  35,849,683,240  598,393,257 

1.64%

6/10/2020  36,477,067,337  35,878,906,519  598,160,819 

1.64%

6/9/2020  36,495,586,958  35,897,684,525  597,902,434 

1.64%

6/8/2020  36,512,950,235  35,915,302,059  597,648,176 

1.64%

6/5/2020  36,549,648,801  35,952,810,234  596,838,567 

1.63%

6/4/2020  36,563,332,886  35,966,649,423  596,683,462 

1.63%

6/3/2020  36,577,904,251  35,981,363,287  596,540,963 

1.63%

6/1/2020  36,572,256,995  35,975,946,299  596,310,695 

1.63%

5/29/2020  36,594,997,047  35,999,026,489  595,970,558 

1.63%

5/28/2020  36,499,029,025  35,903,189,891  595,839,134 

1.63%

5/27/2020  36,401,948,834  35,806,196,330  595,752,504 

1.64%

5/22/2020  35,866,951,270  35,270,105,116  596,846,154 

1.66%

5/21/2020  35,765,372,648  35,168,172,790  597,199,858 

1.67%

5/20/2020  35,666,581,813  35,069,003,966  597,577,847 

1.68%

5/19/2020  35,573,393,108  34,975,457,462  597,935,646 

1.68%

5/18/2020  35,473,058,190  34,874,888,004  598,170,186 

1.69%

5/15/2020  35,151,663,460  34,553,522,034  598,141,427 

1.70%

5/14/2020  35,034,422,700  34,436,243,229  598,179,471 

1.71%

5/13/2020  34,911,555,095  34,313,278,616  598,276,479 

1.71%

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Facts : 1/1/1900
Federal Ministry of Finance:The Federal Ministry of Finance (FMF) advises the Federal Government on its fiscal operations and collaborates with the Central Bank of Nigeria (CBN) on monetary matters. Before 1991, the responsibility for the supervision and licensing of banks was shared between FMF and CBN until 1991 when CBN became the sole authority.
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