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Dutch Auction

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Auction No1003 held on 9/28/2006
Total Amount OfferedUS$ 300,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 79,300,000.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks11
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Auction No58 held on 9/27/2006
Total Amount OfferedUS$ 100,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 152,802,340.00
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks19
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Auction No57 held on 9/25/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 148,901,688.52
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 No56 held on 9/20/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 167,503,160.00
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 No55 held on 9/18/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 200,833,886.20
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No1002 held on 9/14/2006
Total Amount OfferedUS$ 200,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 172,000,000.00
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 No54 held on 9/13/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 117,717,694.08
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks19
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Auction No53 held on 9/11/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 78,806,654.47
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks16
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Auction No52 held on 9/6/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 124,767,375.33
Highest Successfull Bid RateUS$ 0.00
Lowest Bid Rate0.00
No. of Successful0
No. of Unsuccessful0
Marginal BidUS$ 0.00
Number of Banks15
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Auction No51 held on 9/4/2006
Total Amount OfferedUS$ 80,000,000.00
Total Amount DemandedUS$ 0.00
Total Amount SoldUS$ 158,425,660.74
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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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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