Foreign Exchange Reserves, Excluding Gold (USD) in Nigeria

Foreign exchange reserves excluding gold reached 39.6 USD bil in 2017 in Nigeria, according to the National Statistical Office. This is 45.4 % more than in the previous year.

Historically, foreign exchange reserves excluding gold in Nigeria reached an all time high of 53.0 USD bil in 2008 and an all time low of 0.092 USD bil in 1967. When compared to Nigeria's main peers, foreign exchange reserves excluding gold in Cameroon amounted to 3.20 USD bil and 0.009 USD bil in Chad in 2017.

Nigeria has been ranked 41st within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 18 places behind the position seen 10 years ago.

FX reserves in a strict sense are "only" the foreign currency deposits and bonds held by central banks and monetary authorities.

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