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Movement In Reserves

FX Structure | FX Mgt Before Now. | FX Mkt | Debt Conversion | Exchange Rate Policy | Movement in Reserves | International Payments | Reserve Management

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 %
7/11/2023  34,070,520,770  33,334,224,152  736,296,618 

2.16%
7/10/2023  34,080,899,890  33,345,689,839  735,210,051 

2.16%
7/7/2023  34,062,885,563  33,329,849,559  733,036,003 

2.15%
7/6/2023  34,059,175,988  33,328,338,942  730,837,046 

2.15%
7/5/2023  34,068,767,257  33,337,803,000  730,964,257 

2.15%
7/4/2023  34,087,652,638  33,357,155,450  730,497,188 

2.14%
7/3/2023  34,019,797,242  33,289,715,989  730,081,252 

2.15%
6/30/2023  34,119,447,986  33,391,908,137  727,539,849 

2.13%
6/27/2023  34,192,242,646  33,466,941,757  725,300,889 

2.12%
6/26/2023  34,220,621,706  33,494,821,022  725,800,685 

2.12%
6/23/2023  34,307,379,347  33,580,229,256  727,150,091 

2.12%
6/22/2023  34,352,854,760  33,625,100,618  727,754,142 

2.12%
6/21/2023  34,398,467,970  33,670,316,174  728,151,796 

2.12%
6/20/2023  34,449,366,568  33,720,777,632  728,588,937 

2.11%
6/19/2023  34,493,298,488  33,764,613,308  728,685,180 

2.11%
6/16/2023  34,592,598,639  33,864,024,498  728,574,142 

2.11%
6/15/2023  34,620,936,189  33,892,344,193  728,591,996 

2.10%
6/14/2023  34,656,606,963  33,928,860,817  727,746,146 

2.10%
6/13/2023  34,693,636,278  33,963,362,138  730,274,140 

2.10%
6/9/2023  34,814,939,915  34,082,406,332  732,533,583 

2.10%
6/8/2023  34,850,880,980  34,117,916,133  732,964,846 

2.10%
6/7/2023  34,884,353,159  34,150,906,711  733,446,448 

2.10%
6/6/2023  34,922,199,386  34,188,247,532  733,951,853 

2.10%
6/5/2023  34,951,786,555  34,217,181,774  734,604,781 

2.10%
6/2/2023  35,022,326,540  34,286,263,752  736,062,788 

2.10%
5/30/2023  35,094,421,974  34,355,174,660  739,247,314 

2.11%
5/26/2023  35,147,391,757  34,400,415,868  746,975,889 

2.13%
5/25/2023  35,158,242,661  34,409,070,414  749,172,247 

2.13%
5/23/2023  35,182,253,816  34,427,899,286  754,354,530 

2.14%
5/22/2023  35,189,191,670  34,432,100,545  757,091,125 

2.15%
5/19/2023  35,198,503,584  34,435,600,005  762,903,580 

2.17%
[1/9]

 

Facts : 1/7/1959
Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation.
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