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Dutch Auction

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Auction No5 held on 2/2/2009
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 200,149,843.81
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks25
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Auction No4 held on 1/28/2009
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 205,343,457.12
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks25
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Auction No3 held on 1/26/2009
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 294,380,268.69
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks20
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Auction No2 held on 1/21/2009
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 187,905,835.24
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks17
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Auction No1 held on 1/19/2009
Total Amount OfferedUS$ 150,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 17,170,450.51
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks7
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Auction No93 held on 12/10/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 190,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks18
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Auction No92 held on 12/3/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 180,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks23
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Auction No91 held on 12/1/2008
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 100,000,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks20
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Auction No90 held on 11/26/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 105,300,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks21
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Auction No89 held on 11/24/2008
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 392,262,643.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks22
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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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