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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 %
8/2/2021  33,484,345,197  33,211,892,947  272,452,250 

0.81%

7/30/2021  33,402,616,892  33,132,648,985  269,967,907 

0.81%

7/29/2021  33,380,681,076  33,112,445,866  268,235,210 

0.80%

7/28/2021  33,355,045,019  33,088,741,420  266,303,599 

0.80%

7/27/2021  33,331,738,301  33,067,040,455  264,697,845 

0.79%

7/26/2021  33,317,217,115  33,054,194,122  263,022,993 

0.79%

7/23/2021  33,250,709,642  32,992,690,742  258,018,900 

0.78%

7/22/2021  33,227,447,143  32,971,100,962  256,346,181 

0.77%

7/19/2021  33,171,245,824  32,919,789,705  251,456,119 

0.76%

7/16/2021  33,117,770,597  32,871,663,472  246,107,124 

0.74%

7/15/2021  33,104,467,508  32,860,400,349  244,067,159 

0.74%

7/14/2021  33,103,085,800  32,861,031,134  242,054,666 

0.73%

7/12/2021  33,087,940,547  32,850,030,736  237,909,811 

0.72%

7/9/2021  33,099,735,065  32,868,183,225  231,551,840 

0.70%

7/8/2021  33,120,767,740  32,891,547,109  229,220,631 

0.69%

7/7/2021  33,120,131,311  32,893,634,024  226,497,287 

0.68%

7/5/2021  33,144,138,885  32,920,700,191  223,438,693 

0.67%

7/2/2021  33,233,282,224  33,014,353,870  218,928,354 

0.66%

7/1/2021  33,279,270,666  33,061,838,311  217,432,356 

0.65%

6/30/2021  33,323,503,869  33,107,562,905  215,940,965 

0.65%

6/29/2021  33,370,519,770  33,155,282,854  215,236,916 

0.64%

6/28/2021  33,416,789,189  33,202,165,111  214,624,078 

0.64%

6/25/2021  33,519,809,563  33,307,700,248  212,109,315 

0.63%

6/24/2021  33,547,103,109  33,335,757,457  211,345,652 

0.63%

6/23/2021  33,592,432,280  33,381,781,595  210,650,685 

0.63%

6/22/2021  33,634,302,986  33,424,340,352  209,962,634 

0.62%

6/21/2021  33,670,642,960  33,461,384,252  209,258,708 

0.62%

6/18/2021  33,762,719,174  33,555,630,853  207,088,321 

0.61%

6/17/2021  33,794,267,567  33,587,994,854  206,272,713 

0.61%

6/16/2021  33,823,791,106  33,617,794,864  205,996,243 

0.61%

6/15/2021  33,848,963,752  33,643,363,479  205,600,273 

0.61%

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Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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