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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Nigeria’s foreign reserves hit $34.5bln

Posted on 15 July 2011

Nigeria’s foreign reserves rose to $34.5 billion in July 13, from $31.5 billion a week earlier, netting about $3 billion increase within the period.
Foreign-currency reserves stood at $31.7 billion by July 4, compared with $37 billion a year earlier, according to data from the Central Bank of Nigeria’s (CBN) website. No reason was however, given for the sudden rise in the reserves……………………………………….Full Article: Source

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