Nigeria: Foreign exchange reserves

(measure: billion U.S. Dollar, source: Central Bank of Nigeria)
* indicates monthly or quarterly data series

Foreign exchange reserves, billion currency units in Nigeria, October, 2018: For that indicator, Central Bank of Nigeria provides data for Nigeria from 1960 to 2018. The average value for Nigeria during that period was 11.29 billion U.S. Dollar with a minumum 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.
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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.
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