Please use this identifier to cite or link to this item:
https://library.cbn.gov.ng:8443/jspui/handle/123456789/628| Title: | Developments in the external sector during the second quarter of 1988. |
| Authors: | Balance of Payments Division, Research Department |
| Keywords: | Foreign exchange flows, Central Bank of Nigeria, External assets, Naira exchange rate. |
| Issue Date: | Jun-1988 |
| Publisher: | Central Bank of Nigeria, Research Department. |
| Citation: | Balance of Payments Division (1988). Developments in the external sector during the second quarter of 1988. CBN Economic and Financial Review, 26(2), 25-26. |
| Series/Report no.: | Vol. 26;No. 2 |
| Abstract: | Provisional data on foreign exchange transactions through the Central Bank indicated a net outflow of 883.6 million naira during the second quarter of 1988, compared with a net outflow of 235.3 million naira in the preceding quarter and a net outflow of 189.3 million naira during the corresponding quarter of 1987. Thus, the extemal reserves declined from 402.6 million ($1025.6 million) in March to 3519.0 million ($815.9 million) in June 1988. This paper reports that the reserves could finance barely 1.6 months of foreign exchange commitments at the current monthly rate of foreign exchange disbursement. |
| URI: | http://library.cbn.gov.ng:8092/jspui/handle/123456789/628 |
| ISSN: | 1957 - 2965 |
| Appears in Collections: | Economic and Financial Review |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Developments in the external sector during the second quarter of 1988.pdf | 731.95 kB | Adobe PDF |  View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.
Admin Tools