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	%
8/1/2012	36,546,676,541	35,189,149,299	1,357,527,242	3.72%
7/31/2012	36,528,797,536	35,169,787,236	1,359,010,300	3.73%
7/30/2012	36,500,546,808	35,140,110,031	1,360,436,777	3.73%
7/27/2012	36,426,688,426	35,062,490,566	1,364,197,859	3.75%
7/26/2012	36,412,666,247	35,047,198,139	1,365,468,108	3.75%
7/25/2012	36,403,703,249	35,037,009,683	1,366,693,567	3.76%
7/24/2012	36,403,418,310	35,035,992,394	1,367,425,916	3.76%
7/23/2012	36,391,121,323	35,022,869,752	1,368,251,571	3.76%
7/20/2012	36,365,654,316	34,994,881,189	1,370,773,128	3.77%
7/19/2012	36,371,416,240	34,999,638,681	1,371,777,558	3.78%
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%
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Frequently Asked Questions in this purview

Facts : 7/1/1959
BOARD OF DIRECTORS:The Management of the CBN is placed under a Board of Directors which is responsible for the Policy and General administration of the Affairs and Business of the Bank.Under the original statute,the Board was composed of the Governor as Chairman,a Deputy Governor and Five other Directors all of whom were appointed by the Federal Government.
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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)