International Operations

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:

Date	Gross	Liquid	Blocked	%
7/18/2012	36,379,100,008	35,006,487,430	1,372,612,577	3.78%
7/17/2012	36,420,992,370	35,047,470,798	1,373,521,572	3.78%
7/16/2012	36,418,686,770	35,044,778,925	1,373,907,845	3.78%
7/13/2012	36,429,710,135	35,054,684,830	1,375,025,305	3.78%
7/12/2012	36,450,568,264	35,075,075,141	1,375,493,122	3.78%
7/11/2012	36,479,564,300	35,103,634,805	1,375,929,495	3.78%
7/10/2012	36,497,704,064	35,120,780,500	1,376,923,563	3.78%
7/9/2012	36,508,584,087	35,131,302,305	1,377,281,782	3.78%
7/6/2012	36,545,176,505	35,165,982,517	1,379,193,988	3.78%
7/5/2012	36,571,697,672	35,191,863,856	1,379,833,816	3.78%
7/4/2012	36,529,665,029	35,150,080,184	1,379,584,844	3.78%
7/3/2012	36,566,608,821	35,187,500,219	1,379,108,602	3.78%
7/2/2012	36,602,741,234	35,224,185,853	1,378,555,381	3.77%
6/29/2012	36,718,909,292	35,342,121,916	1,376,787,376	3.75%
6/28/2012	36,768,298,167	35,391,994,830	1,376,303,337	3.75%
6/27/2012	36,829,232,311	35,453,077,062	1,376,155,249	3.74%
6/26/2012	36,886,648,983	35,510,737,613	1,375,911,370	3.74%
6/25/2012	36,931,189,425	35,555,551,182	1,375,638,243	3.73%
6/22/2012	37,076,904,406	35,702,334,796	1,374,569,609	3.71%
6/21/2012	37,136,812,354	35,762,497,019	1,374,315,335	3.71%
6/20/2012	37,190,196,510	35,816,409,349	1,373,787,160	3.70%
6/19/2012	37,242,250,788	35,868,886,243	1,373,364,544	3.69%
6/18/2012	37,276,792,515	35,903,875,267	1,372,917,248	3.69%
6/15/2012	37,461,761,514	36,089,263,928	1,372,497,587	3.67%
6/14/2012	37,550,571,225	36,177,946,615	1,372,624,611	3.66%
6/13/2012	37,591,813,395	36,218,871,756	1,372,941,639	3.66%
6/12/2012	37,625,769,380	36,252,291,770	1,373,477,610	3.66%
6/11/2012	37,647,191,683	36,272,643,910	1,374,547,773	3.66%
6/8/2012	37,719,577,786	36,342,479,474	1,377,098,312	3.66%
6/7/2012	37,749,414,619	36,371,439,643	1,377,974,976	3.66%
6/6/2012	37,768,304,328	36,389,458,729	1,378,845,599	3.66%
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Frequently Asked Questions in this purview

Facts : 1/1/1900
International Monetary Fund:The International Monetary Fund was established in 1945 to promote the health of the world economy with 29 countries sigining the Articles of Agreement. Nigeria joined the IMF in 1961,which now has 184 members with its headquarters in Washington D.C., USA.
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International Operations

The Movement in Reserves (30-Day Moving Average with effect from November 2011)

The Movement in Reserves
(30-Day Moving Average with effect from November 2011)