Foreign exchange reserves, billion currency units in Nigeria, October, 2019
For that indicator, Central Bank of Nigeria provides data for Nigeria from 1960 to 2019. The average value for Nigeria during that period was 11.82 billion U.S. Dollar with a minimum of 0.06 billion U.S. Dollar in March 1968 and a maximum of 62.08 billion U.S. Dollar in September 2008.
Click on the following link to see the values of Foreign exchange reserves, billion currency units
around the world.
* indicates monthly or quarterly data series
Measure: billion U.S. Dollar
Source: Central Bank of Nigeria
Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.