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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 %
9/16/2014  39,606,843,071  38,592,833,574  1,014,009,497 

2.56%

9/15/2014  39,565,744,101  38,551,228,766  1,014,515,335 

2.56%

9/12/2014  39,543,253,964  38,527,542,101  1,015,711,863 

2.57%

9/11/2014  39,557,870,211  38,541,638,129  1,016,232,082 

2.57%

9/10/2014  39,573,156,011  38,556,265,204  1,016,890,807 

2.57%

9/9/2014  39,593,357,770  38,576,310,794  1,017,046,976 

2.57%

9/8/2014  39,602,442,976  38,585,182,685  1,017,260,292 

2.57%

9/5/2014  39,636,563,413  38,618,581,889  1,017,981,524 

2.57%

9/4/2014  39,653,533,518  38,635,244,360  1,018,289,158 

2.57%

9/3/2014  39,587,979,976  38,569,246,347  1,018,733,629 

2.57%

9/2/2014  39,601,401,701  38,581,956,998  1,019,444,703 

2.57%

9/1/2014  39,593,649,723  38,573,451,977  1,020,197,747 

2.58%

8/29/2014  39,591,281,083  38,568,113,699  1,023,167,384 

2.58%

8/28/2014  39,605,279,582  38,580,959,883  1,024,319,698 

2.59%

8/27/2014  39,613,501,593  38,588,947,350  1,024,554,243 

2.59%

8/26/2014  39,621,613,357  38,596,878,969  1,024,734,388 

2.59%

8/25/2014  39,612,888,266  38,588,010,519  1,024,877,747 

2.59%

8/22/2014  39,582,638,031  38,557,574,955  1,025,063,076 

2.59%

8/21/2014  39,582,183,045  38,557,067,941  1,025,115,104 

2.59%

8/20/2014  39,586,875,154  38,561,727,051  1,025,148,103 

2.59%

8/19/2014  39,592,246,077  38,567,083,005  1,025,163,073 

2.59%

8/18/2014  39,575,815,391  38,550,652,476  1,025,162,916 

2.59%

8/15/2014  39,593,002,694  38,567,715,128  1,025,287,566 

2.59%

8/14/2014  39,613,136,949  38,587,659,580  1,025,477,369 

2.59%

8/13/2014  39,620,445,335  38,594,625,670  1,025,819,665 

2.59%

8/12/2014  39,621,502,727  38,595,560,519  1,025,942,207 

2.59%

8/11/2014  39,576,279,515  38,550,339,978  1,025,939,537 

2.59%

8/8/2014  39,440,768,018  38,414,983,076  1,025,784,941 

2.60%

8/7/2014  39,402,196,728  38,376,470,084  1,025,726,645 

2.60%

8/6/2014  39,367,594,943  38,341,959,865  1,025,635,078 

2.61%

8/5/2014  39,333,210,253  38,307,648,235  1,025,562,017 

2.61%

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Facts : 1/1/1900
London Club of Creditors:These are mainly uninsured and unguaranteed debts extended by commercial banks to nationals of debtor nations. Members of the club are commercial banks mainly in industrialized countries. The first London club meeting was held in 1976 to discuss re-payment and conclude re-structuring agreements.
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