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	%
8/23/2012	37,876,788,441	36,549,184,671	1,327,603,770	3.70%
8/22/2012	37,753,128,250	36,424,615,076	1,328,513,174	3.70%
8/17/2012	37,160,875,377	35,825,695,927	1,335,179,450	3.70%
8/16/2012	37,021,967,016	35,685,302,815	1,336,664,201	3.70%
8/15/2012	36,916,410,505	35,578,153,995	1,338,256,511	3.70%
8/14/2012	36,810,099,217	35,470,378,360	1,339,720,857	3.70%
8/13/2012	36,696,999,193	35,355,794,003	1,341,205,190	3.70%
8/10/2012	36,511,260,947	35,164,944,799	1,346,316,208	3.70%
8/9/2012	36,465,852,627	35,117,854,447	1,347,998,180	3.70%
8/8/2012	36,412,422,228	35,063,125,239	1,349,296,989	3.71%
8/7/2012	36,356,393,269	35,006,217,762	1,350,175,508	3.71%
8/6/2012	36,408,399,425	35,057,151,423	1,351,248,002	3.71%
8/3/2012	36,579,327,573	35,224,783,991	1,354,543,581	3.70%
8/2/2012	36,566,336,897	35,210,274,107	1,356,062,790	3.71%
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%
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Frequently Asked Questions in this purview

Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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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)