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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 %
8/6/2020  35,678,722,706  35,128,083,017  550,639,688 

1.54%

8/5/2020  35,705,757,148  35,155,798,311  549,958,837 

1.54%

8/4/2020  35,736,424,895  35,187,150,247  549,274,648 

1.54%

8/3/2020  35,764,434,367  35,215,840,826  548,593,540 

1.53%

7/29/2020  35,877,636,050  35,330,004,609  547,631,440 

1.53%

7/28/2020  35,899,123,278  35,350,906,486  548,216,792 

1.53%

7/27/2020  35,915,157,957  35,366,365,362  548,792,595 

1.53%

7/24/2020  35,975,017,841  35,423,947,254  551,070,587 

1.53%

7/23/2020  35,996,463,820  35,444,326,682  552,137,139 

1.53%

7/22/2020  36,017,606,135  35,464,445,649  553,160,486 

1.54%

7/21/2020  36,035,158,893  35,480,340,628  554,818,265 

1.54%

7/20/2020  36,048,479,956  35,491,970,881  556,509,075 

1.54%

7/17/2020  36,083,154,413  35,521,599,449  561,554,964 

1.56%

7/16/2020  36,101,964,196  35,538,703,756  563,260,439 

1.56%

7/15/2020  36,118,208,057  35,553,216,231  564,991,826 

1.56%

7/14/2020  36,124,120,229  35,557,322,631  566,797,598 

1.57%

7/13/2020  36,128,306,802  35,559,572,953  568,733,849 

1.57%

7/10/2020  36,131,988,308  35,557,977,771  574,010,537 

1.59%

7/9/2020  36,133,858,646  35,558,079,941  575,778,706 

1.59%

7/7/2020  36,146,665,094  35,567,364,993  579,300,101 

1.60%

7/6/2020  36,151,117,963  35,570,323,017  580,794,947 

1.61%

7/3/2020  36,155,867,999  35,570,429,936  585,438,063 

1.62%

7/2/2020  36,161,953,502  35,574,914,008  587,039,494 

1.62%

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

1.63%

6/30/2020  36,185,274,656  35,595,421,431  589,853,225 

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%

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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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