Foreign Reserves Now $35 Billion? - Politics - Nairaland
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FG May Sell $100bn Assets To Shore Up Foreign Reserves / Nigeria’s Foreign Reserves Rise To $31.5 Billion / !!! Nigeria Foreign Reserves Now $35.95bn (2) (3) (4)
| Foreign Reserves Now $35 Billion? by Googler(m): 10:49am On Apr 14, 2011 |
Nigeria forex reserves edge up to $35 bln by Apr 8 Tue Apr 12, 2011 1:04pm GMT Print | Single Page [-] Text [+] LAGOS (Reuters) - Nigeria's foreign exchange reserves rose by 3.8 percent to $34.55 billion by April 8, compared to $33.22 billion at the end of last month, the central bank said on Tuesday. The reserves in sub-Saharan Africa's second biggest economy remain significantly lower then a year ago. They stood at $40.83 billion by April 8, 2010. Strong demand for hard currency at its bi-weekly forex auctions has forced the central bank to increase dollar supply and draw on its reserves to defend the local naira currency. Reuters |
| Re: Foreign Reserves Now $35 Billion? by RICHIEBOI1(m): 11:44am On Apr 14, 2011 |
Only a year in office and he has depleted our foreign reserve. the excess crude account was 15 Billion dollars when goodluck was sworn-in and as of recent now its 300 Million Dollars left in the excess crude account. i wonder how much will be left when he completes his four years.  |
| Re: Foreign Reserves Now $35 Billion? by Googler(m): 11:46am On Apr 14, 2011 |
RICHIE BOI:Are you sure you read the above properly? Or you just like to call $35 billion "depleted"? |
| Re: Foreign Reserves Now $35 Billion? by proudly9ja(m): 11:46am On Apr 14, 2011 |
And its not as if we are seeing any capital projects worth that amount to show for it. ooops! Yes we are! We've seen capital projects in form of 'transport fare' ending up in bags for jounalists and opposition parties. |
| Re: Foreign Reserves Now $35 Billion? by proudly9ja(m): 11:49am On Apr 14, 2011 |
Googler:A year ago our foreign reserves was 40billion. A year ago our 'excess crude' account read 15 billion dollars. Its 300million dollars now. If these don't represent the word 'depleted', I wonder what the word means?   |
| Re: Foreign Reserves Now $35 Billion? by Googler(m): 11:50am On Apr 14, 2011 |
proudly9ja:Last I heard was every Tom, Wale and Emeka saying that our foreign reserves were depleted, so I was pleasantly surprised to read the above. If true, I don't see how our foreign reserves have ended up in the pockets of journalists at all. |
| Re: Foreign Reserves Now $35 Billion? by Googler(m): 11:52am On Apr 14, 2011 |
proudly9ja: I have read some explanations about the reduction in the foreign reserves, but you have every right to question that. As for the ECA, that was always a problem account. I heard the governors, backed by law, asked that it be shared out and it was. |
| Re: Foreign Reserves Now $35 Billion? by Xfactoria: 1:19pm On Apr 14, 2011 |
Googler: A lot of Nigerians like you are still grossly uninformed and I don't blame them. I blame the press for their sensational and selective journalism. The excess crude account is being phased out and replaced with what is called "Sovereign Wealth Fund", so there isn't supposed to be much money there now. Want to know more about SWF in Nigeria? Then google it. |
| Re: Foreign Reserves Now $35 Billion? by Xfactoria: 1:25pm On Apr 14, 2011 |
proudly9ja: You won't see the capital projects because you do not have the mental capacity to discern them when they are flashed at your face. Have you ever asked how the various intervention funds in the CBN are being funded? Do you even know about them? There is manufacturing sector intervention fund of N200B, there is another N200B for other industries with BOI, there is N200B for SME, there is N100B for Agricultural intervention fund. What do you think is funding these initiatives |
| Re: Foreign Reserves Now $35 Billion? by ideylaff: 1:30pm On Apr 14, 2011 |
hmmm All well and good cos it helps in the Balancing Of Trade and Imports/Exports Also in the sphere of our Currency Power, that's for we elites to know and translate  How does this Put FOOD on the poor mans table, In other countries, this figure is not even published /made a meal off because the average man does not know the benefit, what they do in other countries is make sure their citizens enjoy the benefitand dividends of democracy. enuff off all these figures, seminars, road shows, Make it count within the POLITY/COUNTRY AS A WHOLE, People are suffering, no jobs, no utilities, no money to spend, no security, no POWER, no industry, etc and The Rich are getting Richer via oil imports, (when the cheaper option is to fix the refinery (we sef know how to put meat in the mouth and make it disappear now), GET THE BASICS RIGHT AND STOP PUBLISHING ALL THESE SILLY MEANINGLESS FIGURES IF IT HAS NO IMPACT ON WHAT WE ARE EXPECTING Enuff of PDP, Enuff,  |
| Re: Foreign Reserves Now $35 Billion? by bkbabe97y(m): 2:07pm On Apr 14, 2011 |
Googler: @ OP, do u note the bolded above? If thats not "depleted", I dont know what other word in the English Language will emphasize it to u. Oh, how my heart bleeds for Nigerians. . . . . . |
| Re: Foreign Reserves Now $35 Billion? by Googler(m): 2:17pm On Apr 14, 2011 |
bk.babe97y:Hoping you have enough blood left in your heart to read me: I noted the above and what it tells me is that the figure, having previously fallen below that, was up again, to N35b. If there is any other meaning derivable from it, please share it. I have heard a lot about foreign reserves lately and not having followed the matter, concluded they must stand at around $1 or $2 billion. So I was surprised to see a figure of $35 b. What don't you understand in that? And if they stood at $40.83 billion last year and now stand at $35 billion I don't find that outrageous since foreign reserves go up and down. The question would then be what reasons lie behind the fall - is it depleting revenues? Exchange rate fluctuations? Government expenditure? |
| Re: Foreign Reserves Now $35 Billion? by bkbabe97y(m): 2:24pm On Apr 14, 2011 |
^^^Ok, I get u. But, I'll tell u: If u ever hear that ur country's reserve, a big economy as it is, ever gets to $1billion u better head for the nearest border because at that point it has all collapsed! |
| Re: Foreign Reserves Now $35 Billion? by OmoTier1(m): 3:53pm On Apr 14, 2011 |
This is the first I would come across in nairaland of a poster being ignorant about her post! For crying out loud, the reserves as it stands is still well below the sum total internal (Local)debt of the nation and can only finance imports for less than 14months!- imagine (God and I forbid it)if we have a devastating natural event that would mean we have to resort to importation for much of our esentials, the reserves as it stands would be wiped off in just 12months and we will begin to borrow to live by as a nation! When obj left, external reserves was well over $50bn and ever since oil has been relatively on the high except for roughly six months when it hovered below projection. If anything, for any sane, fiscally responsible government,the excess crude account with over $22bn would have been enough to keep the economy afloat during the period crude oil was selling below budget projection. But since we have had a daft leadership, who knows nothing other than dole out money for anything and everthing,the result is what you see today in nigeria. Now to clear the air on the depletion of the foriegn reserves and why some posters may not see any physical infrastructure despite - The FG with GEJ and co in the driving seat failed to sustain and grow the "REAL" economy from where obj left it,resulting in the naira being weak against the major world trading currencies which does not help with importation - less buying power! To prevent this, the CBN who manages the account (with the backing of the law)keeps deeping her hands into the raw dollar account to help keep the naira relatively stable for imports since we are vastly a major importing country - another effect of the failure of the PDP led government to "create wealth" and "sustain growth" in the economy in the past 12years. To sum it up, this government has been so wasteful and clueless when it boils down to "growing" and "sustainig" the "REAL" economy. The only good thing is we Nigerians has never depended on the government to give us daily ration for living else we would have been twice of somalia, hence the reason I always praise our resolve and hand- to-do attitude as a people. |
| Re: Foreign Reserves Now $35 Billion? by Googler(m): 4:22pm On Apr 14, 2011 |
Omo_Tier1:No need to be cheeky! Yes, economics is not my forte, but I have clearly stated my point, which is that I had somehow picked up the idea that the physical cash in the reserves was depleted and have now found this is not so. Nowhere was I commenting on the state of Nigeria's economy, debt profile or our readiness for droughts or tsunamis. When Obasanjo left the reserves at 40 billion, were there no debts or hypothetical natural disasters? Actually I am not Jonathan fan and certainly don't have issues with all you have said about the ongoing mismanagement of our resources. I have said so on this forum myself. But nothing can take away my licence to see things the way I see them in all objectivity and intellectual honesty. Thank you. |
| Re: Foreign Reserves Now $35 Billion? by Gbenge77(m): 5:03pm On Apr 14, 2011 |
@op, The reserves is less than 300 million dollars at present. |
| Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:37pm On Apr 14, 2011 |
Nigeria's Foreign reserves managed by the CBN contains $34.5 Billion dollars as of this week pls check CBN website its public information. . .www.cenbank.org Nigeria's Excess crude account(separate from the external reserves) right now contains $6.9 Billion dollars Pls see Article from this week business-day and reported in other major newspapers [size=14pt]Nigeria: Excess Crude Account Rebounds, Hits $6.9 Billion[/size] ppl need to make informed statements when they speak. . and stop being so ignorant. . . |
| Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:54pm On Apr 14, 2011 |
Gbenge 77: Ignorance is bliss. . .for u i guess. . .  |
| Re: Foreign Reserves Now $35 Billion? by aletheia(m): 8:08pm On Apr 14, 2011 |
X-factoria:^ Don't mind the "nattering nabobs of negativity". They have an evil eye and an envious and bitter heart, so they cannot see anything good. For example, the various textile manufacturing plants in the north, that the likes of Buhari and Babangida killed; are being resuscitated. Kaduna Textiles is a case in point. bk.babe97y:^Then you 'd better head for the US border because the Foreign Reserves of the USA (where you live) as large as their economy is; is only just $133bn; while China's is $2850bn. Do you wonder that China has the USA in a vise grip economically. And BTW, Nigeria has a much better Balance of Trade than the USA. |
| Re: Foreign Reserves Now $35 Billion? by ektbear: 8:44pm On Apr 14, 2011 |
aletheia:Sounds like fool's gold to me. Industry won't be functional in naija until electricity and road networks are fixed. The rules for the US are different, since their currency is the de facto standard. They can get away with things that no one else can. Comparing naija to brazil, saudi, venezuela, norway and other countries might be a more useful comparison. |
| Re: Foreign Reserves Now $35 Billion? by OmoTier1(m): 11:18pm On Apr 14, 2011 |
paddy_lo:you that claim to be smart can you compare $22bn with mere $6.9bn? How come no body gave us figures of monies in this account for more than 6months only for it to make a cheap political point scoring headline few days to the presidential election? The truth must be told: GEJ is finanicially reckless and this was evident during his stay as Bayelsa governor. If you are not aware, our internal debt is well over $32bn and if this reckless spending continues, watchout for the mass movement of coporate nigeria to other stable west africe countries. |
| Re: Foreign Reserves Now $35 Billion? by aletheia(m): 2:46am On Apr 15, 2011 |
ekt_bear:Agreed that without electricity, there would be issues. Good thing though is that there seems to be some political will on the part of the Jonathan Administration or a Ribadu Administration to reform the power sector. So we live in hope. |
| Re: Foreign Reserves Now $35 Billion? by bkbabe97y(m): 4:59am On Apr 15, 2011 |
aletheia: ROFLMAO! Nigeria has a much better trade balance than the U.S? Then You compare the U.S Foreign Reserves to that of Nigeria?! Oh boy. . . . Luckily for u I've chosen to refrain from responding to idi*otic comments on this forum! |
| Re: Foreign Reserves Now $35 Billion? by Nobody: 5:24am On Apr 15, 2011 |
bk.babe97y: ROTFLMAO!! Respect our NL "Doctor"  |
| Re: Foreign Reserves Now $35 Billion? by sartorius(m): 5:30am On Apr 15, 2011 |
Though m votin gej, truth must be told he had been a bit reckless, but maybe it was for a political point, that's normal even obama had to negotiate witgh several unions to pass his health bill he has improved wqges of civil servants health workers and all that, its our hope that with an assembly as it is now, things would be different they wud check excesses. I believe gej is the right way to go, |
| Re: Foreign Reserves Now $35 Billion? by ektbear: 6:44am On Apr 15, 2011 |
Ileke-IdI: Not everyone is an expert on everything He is presumably very competent at what he knows well. |
| Re: Foreign Reserves Now $35 Billion? by Nobody: 7:47am On Apr 15, 2011 |
aletheia: it's not everything that gets to your head you just spit out! think first |
| Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:54am On Apr 15, 2011 |
Omo_Tier1: [b]What is important in Finance is the trajectory of the reserves. . in other-words if u put a chart up its rising steadily from left to right The steady rise has to do with high oil prices due to the war in Libya which started in january 2011. . so theres nothing political about the timing also if u cared to know the accountant general always released the figures for the ECA at the end of every FAAC meeting. . u should have looked for the numbers yourself I am aware of internal or local debt at $32Billion which is actually a very good thing and needs to rise. . because those are Naira denominated bonds creation of a Local Sovereign Bond market and yield curve for Nigeria means we are joining the developed countries in deepening our financial system sorry but the business community is solidly behind GEJ. . .and there are no other stable west African countries Nigeria is the big dawg. . .$35 Billion in External reserves and $7 Billion in ECA is larger than Ghanas economy(2nd largest in WA) at $18 Billion dollars While our $216 Billion dollars Nominal GDP Economy is number 41 in the whole world and 31 if u use PPP Finally GEJ will set up a SWF to replace the ECA. . .This alone should earn him your vote if u were not so partisan If this was set up during buharis days in 1983( something he cold have done by fiat. . instead he concentrated on OIC membership), we would not be where we are today. . . Nigeria, Iraq and Ecuador are the only OPEC members without a SWF. . Jonathan looks set to change that. . .he is the man lol. . .[/b] |
| Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 7:58am On Apr 15, 2011 |
babaearly: Its you that needs to think first. . or better yet use the google (sorry McCain) Balance of trade or Balance of payments simply means exports versus Imports or the value of Exports minus Imports The USA runs Trade deficits running into billions of dollars yearly While Nigeria runs a Trade surplus or imports less than we make from our Exports Thats all. . . |
| Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 8:05am On Apr 15, 2011 |
Figure 1. . . .World Nominal GDP and Nigerias place in it. . . GDP nominal 1 United States 14,657,800 2 People's Republic of China 5,878,257 3 Japan 5,458,872 4 Germany 3,315,643 5 France 2,582,527 6 United Kingdom 2,247,455 7 Brazil 2,090,314 8 Italy 2,055,114 9 Canada 1,574,051 10 India 1,537,966 11 Russia 1,465,079 12 Spain 1,409,946 13 Australia 1,235,539 14 Mexico 1,039,121 15 South Korea 1,007,084 16 Netherlands 783,293 17 Turkey 741,853 18 Indonesia 706,735 19 Switzerland 523,772 20 Poland 468,539 21 Belgium 465,676 22 Sweden 455,848 23 Saudi Arabia 443,691 24 Republic of China (Taiwan) 430,580 25 Norway 414,462 26 Austria 376,841 27 Argentina 370,269 [B]28 South Africa 357,259[/B] 29 Iran 357,221 30 Thailand 318,850 31 Denmark 310,760 32 Greece 305,415 33 United Arab Emirates 301,880 34 Venezuela 290,678 35 Colombia 285,511 36 Finland 239,232 37 Malaysia 237,959 38 Portugal 229,336 — Hong Kong 225,003 39 Singapore 222,699 [B]40 Egypt 218,466 41 Nigeria 216,803[/B] 42 Israel 213,147 43 Ireland 204,261 44 Chile 203,323 45 Czech Republic 192,152 46 Philippines 188,719 47 Pakistan 174,866 48 Romania 161,629 [B]49 Algeria 160,270[/B] 50 Peru 152,830 51 New Zealand 140,434 52 Kazakhstan 138,429 53 Ukraine 136,416 54 Kuwait 131,315 55 Qatar 129,485 56 Hungary 128,960 57 Bangladesh 104,919 58 Vietnam 103,574 [B]59 Morocco 103,482[/B] 60 Slovakia 86,262 [B]61 Angola 85,808[/B] 62 Iraq 84,136 [B]63 Libya 77,912 64 Sudan 65,930[/B] 65 Ecuador 61,489 66 Croatia 59,917 67 Syria 59,633 68 Oman 53,782 69 Belarus 52,887 70 Luxembourg 52,433 71 Azerbaijan 52,166 72 Dominican Republic 50,874 73 Sri Lanka 48,241 74 Slovenia 46,442 75 Bulgaria 44,843 [B]76 Tunisia 43,863[/B] 77 Guatemala 40,773 78 Uruguay 40,714 79 Lebanon 39,149 80 Serbia 38,921 81 Uzbekistan 37,724 82 Lithuania 35,734 83 Burma 35,646 84 Costa Rica 35,019 [B]85 Kenya 32,417 86 Ethiopia 30,941[/B] 87 Yemen 30,023 88 Panama 27,199 89 Jordan 27,129 90 Latvia 23,385 91 Cyprus 22,752 [B]92 Tanzania 22,434 93 Côte d'Ivoire 22,384 94 Cameroon 21,882[/B] 95 El Salvador 21,796 96 Bahrain 21,733 97 Trinidad and Tobago 21,195 98 Estonia 19,220 99 Bolivia 19,182 [B]100 Ghana 18,058[/B] 101 Paraguay 17,168 [B]102 Uganda 17,121[/B] 103 Afghanistan 16,631 104 Bosnia and Herzegovina 16,202 [B]105 Zambia 15,691[/B] 106 Honduras 15,340 107 Nepal 15,108 [B]108 Equatorial Guinea 14,547[/B] 109 Jamaica 13,737 110 Iceland 12,767 [B]111 Senegal 12,657 112 Democratic Republic of the Congo 12,600 113 Gabon 12,563[/B] [B]114 Botswana 12,501[/B] 115 Brunei 11,963 [B]116 Republic of the Congo 11,884[/B] 117 Albania 11,578 [B]118 Namibia 11,451[/B] 119 Cambodia 11,360 120 Georgia 11,234 [B]121 Mozambique 10,212[/B] 122 Macedonia 9,580 [B]123 Mauritius 9,427 124 Mali 9,077[/B] 125 Armenia 8,830 126 Papua New Guinea 8,809 [B]127 Burkina Faso 8,672[/B] [B]128 Madagascar 8,330[/B] 129 Malta 7,801 [B]130 Chad 7,592[/B] 131 The Bahamas 7,538 132 Haiti 6,495 [B]133 Benin 6,494[/B] 134 Nicaragua 6,375 135 Laos 6,341 136 Mongolia 5,807 137 Kosovo 5,728 [B]138 Rwanda 5,693 139 Niger 5,603[/B] 140 Tajikistan 5,578 [B]141 Zimbabwe 5,574[/B] 142 Moldova 5,357 [B]143 Malawi 5,035[/B] 144 Kyrgyzstan 4,444 [B]145 Guinea 4,344[/B] 146 Barbados 3,963 147 Montenegro 3,884 148 Mauritania 3,486 149 Suriname 3,297 [B]150 Swaziland 3,165[/B] 151 Fiji 3,154 [B]152 Togo 3,074 153 Eritrea 2,254[/B] 154 Guyana 2,197 [B]155 Central African Republic 2,113[/B] [B]156 Sierra Leone 1,901 157 Lesotho 1,799[/B] [B]158 Cape Verde 1,573 159 Burundi 1,469[/B] 160 Maldives 1,433 161 Belize 1,431 162 Bhutan 1,397 [B]163 Djibouti 1,139[/B] 164 Antigua and Barbuda 1,099 165 The Gambia 1,040 166 Saint Lucia 1,000 [B]167 Liberia 977 168 Seychelles 919 169 Guinea-Bissau 825[/B] 170 Vanuatu 721 171 Solomon Islands 674 172 Grenada 645 173 East Timor 616 174 Saint Vincent and the Grenadines 583 175 Saint Kitts and Nevis 562 [B]176 Comoros 557[/B] 177 Samoa 550 178 Dominica 375 179 Tonga 301 180 São Tomé and Príncipe 187 181 Kiribati 152[quote][/QUOTE] |
| Re: Foreign Reserves Now $35 Billion? by paddylo1(m): 8:08am On Apr 15, 2011 |
Figure 2 GDP PPP*(Purchasing Power Parity) and Nigeria's Place in it. . .with highlighted other African countries 1 United States 14,624,184 2 People's Republic of China 10,084,369 3 Japan 4,308,627 4 India 4,001,103 5 Germany 2,932,036 6 Russia 2,218,764 7 Brazil 2,181,677 8 United Kingdom 2,181,069 9 France 2,146,283 10 Italy 1,771,140 11 Mexico 1,549,671 12 South Korea 1,457,063 13 Spain 1,364,499 14 Canada 1,330,106 15 Turkey 1,038,000 16 Indonesia 1,027,437 17 Australia 882,344 18 Iran 830,715 19 Republic of China (Taiwan) 810,487 20 Poland 717,537 21 Netherlands 676,700 22 Argentina 632,223 23 Saudi Arabia 619,826 24 Thailand 584,768 [B]25 South Africa 524,341 26 Egypt 498,176[/B] 27 Pakistan 464,711 28 Colombia 429,866 29 Malaysia 412,302 30 Belgium 392,862 [B]31 Nigeria 374,323[/B] 32 Sweden 352,327 33 Philippines 350,279 34 Venezuela 346,973 35 Austria 330,496 36 Switzerland 325,305 37 Greece 322,555 — Hong Kong 322,486 38 Ukraine 302,679 39 Singapore 291,712 40 Vietnam 275,639 41 Peru 274,276 42 Czech Republic 260,566 43 Chile 257,546 44 Bangladesh 257,545 45 Norway 255,505 [B]46 Algeria 252,189[/B] 47 Romania 252,173 48 Portugal 245,860 49 Israel 218,490 50 Denmark 203,159 51 Kazakhstan 193,261 52 Hungary 188,403 53 United Arab Emirates 186,908 54 Finland 185,019 55 Ireland 173,614 [B]56 Morocco 152,619[/B] 57 Qatar 149,995 58 Kuwait 138,099 59 Belarus 130,780 60 Slovak Republic 120,758 61 New Zealand 119,791 62 Iraq 115,330 [B]63 Angola 114,343[/B] 64 Ecuador 113,825 65 Syrian Arab Republic 105,324 66 Sri Lanka 104,124 [B]67 Tunisia 100,048 68 Sudan 98,969 69 Libya 96,099[/B] 70 Bulgaria 90,763 71 Azerbaijan 90,074 [B]72 Ethiopia 86,017[/B] 73 Dominican Republic 85,391 74 Uzbekistan 85,363 75 Serbia 79,940 76 Oman 78,100 77 Croatia 77,992 78 Burma 76,240 79 Guatemala 69,958 [B]80 Kenya 65,132[/B] 81 Yemen 63,329 [B]82 Tanzania 61,906[/B] 83 Lebanon 59,906 84 Lithuania 56,422 85 Slovenia 56,314 86 Costa Rica 51,130 87 Uruguay 48,140 88 Bolivia 47,796 [B]89 Cameroon 44,220[/B] 90 Panama 43,725 91 El Salvador 43,640 [B]92 Uganda 42,319[/B] 93 Luxembourg 40,336 [B]94 Ghana 38,143[/B] [B]95 Côte d'Ivoire 37,153[/B] 96 Turkmenistan 35,883 97 Nepal 35,231 98 Jordan 34,617 99 Honduras 33,537 100 Latvia 32,292 101 Paraguay 31,469 102 Bosnia and Herzegovina 30,208 103 Cambodia 29,811 104 Bahrain 29,663 105 Afghanistan 29,616 [B]106 Botswana 28,418[/B] 107 Trinidad and Tobago 26,400 108 Estonia 24,363 [B]109 Equatorial Guinea 24,139[/B] 110 Jamaica 23,945 111 Senegal 23,818 112 Albania 23,632 113 Cyprus 23,017 [B]114 Democratic Republic of the Congo 22,718 115 Gabon 22,246[/B] 116 Georgia 22,194 [B]117 Mozambique 21,200[/B] 118 Brunei 19,925 [B]119 Zambia 19,828 120 Burkina Faso 19,717 121 Madagascar 19,398[/B] 122 Macedonia 19,330 [B]123 Republic of the Congo 17,342[/B] 124 Nicaragua 17,269 125 Armenia 17,086 [B]126 Mauritius 17,056 127 Chad 16,902 128 Mali 16,872[/B] 129 Laos 15,689 130 Papua New Guinea 14,930 [B]131 Namibia 14,581[/B] 132 Tajikistan 14,529 [B]133 Benin 14,017 134 Malawi 12,913 135 Rwanda 12,025[/B] 136 Iceland 11,837 137 Kyrgyzstan 11,772 138 Haiti 11,056 [B]139 Guinea 10,918 140 Niger 10,548[/B] 141 Moldova 10,546 142 Mongolia 10,252 143 Malta 10,107 144 The Bahamas 8,918 [B]145 Mauritania 6,676[/B] 146 Montenegro 6,531 147 Barbados 6,175 [B]148 Swaziland 6,062 149 Togo 5,901[/B] 150 Guyana 5,323 151 Suriname 4,728 [B]152 Sierra Leone 4,698 153 Zimbabwe 4,644[/B] 154 Kosovo 4,401 155 Fiji 3,961 156 Bhutan 3,785 [B]157 Eritrea 3,601 158 Central African Republic 3,444 159 Burundi 3,396 160 The Gambia 3,384 161 Lesotho 3,218[/B] 162 East Timor 3,062 163 Belize 2,651 [B]164 Seychelles 2,129 165 Djibouti 2,104 166 Cape Verde 1,864 167 Guinea-Bissau 1,793[/B] 168 Saint Lucia 1,779 169 Maldives 1,755 [B]170 Liberia 1,709[/B] 171 Solomon Islands 1,578 172 Antigua and Barbuda 1,424 173 Vanuatu 1,188 174 Grenada 1,121 175 Saint Vincent and the Grenadines 1,100 176 Samoa 1,043 [B]177 Comoros 800[/B] 178 Dominica 761 179 Tonga 738 180 Saint Kitts and Nevis 715 181 Kiribati 615 [B]182 São Tomé and Príncipe 311[/B][quote][/QUOTE] |
| Re: Foreign Reserves Now $35 Billion? by Nobody: 8:12am On Apr 15, 2011 |
paddy_lo: Hey great googler, can you show us Nigeria's trade deficit and trade surplus for 2010? |
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