27.07.2011 - Nigeria: Foreign reserves drop to $33.54bln
The nationís foreign exchange reserves dropped to $33.54 billion by July 22, from $34.57 billion on July 13. The foreign reserves were lower than the level a year ago, when they stood at $37.86 billion. Analysts are of the opinion that the most recent decline in reserves was partly explained by a surge in demand for the United States (US) dollars on the domestic market..............................................Full Article: Source
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