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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Nigeria: Foreign reserves fall to $32.3bln

Posted on 07 September 2011

The foreign exchange reserves fell to $32.3 billion by September 2, the same level they were on June 24, and down from a six-month high in August, according to the Central Bank of Nigeria (CBN).
The foreign reserves peaked at $35.9 billion on August 8, its highest in six months, but fell to $32.92 billion at the close of last month. The forex reserves were also lower than a year ago, when they stood at $36.01 billion……………………………………….Full Article: Source


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