MANAGEMENT OF FOREIGN EXCHANGE IN NIGERIA BY CENTRAL BANK OF NIGERIA (C.B.N).

INTRODUCTION It is already stated that money is a common demonstration in which the rate, relation value of good and services can be expressed. Throughout history any community which form itself unto a nation for the purpose of self government immediately introduces its own distinction out of account- monetary out of account (legal Tender) In the works of Endel (2000:277) “ In the international real  no legal tender exist : values must be measure,  accounts kept and payments made by conversion of  one economy into another, thus conversion process is known as foreign exchange. It is an internationally convertible currencies (ude, 1996: 146)  Foreign exchange can be required by a country through to export of goods and serious, direct investment inflows, and goods. When foreign exchange expenditure lower than foreign exchange receipt, the surplus is added to reserves. The use reserves which are also savings from exchange farms time are hold by the authorities to finance   short falls of foreign receipt and to safe guard the international value of the domestic company. Whom there a disequlibilum on the foreign exchange market, which is consent by inadequate supply of foreign exchange reserves, may be exerted on foreign exchange reserve of the resources are not adequately, it will determinate into balances of payment problems, hence the need to manage a nations foreign exchange resource so to reduce the adverse effect of foreign exchange volatile.  The management of foreign exchange resources a further informed by the need to se an appropriate changing price in the foreign exchange market. Therefore, the act of foreign exchange management is a conserves attempt to harness foreign  exchange resources, deploy  Them to service the economy so as to present the economy from experience stocking due to foreign exchange volatility. he practice of managing the foreign exchange resources how therefore evolved  broadly in line with globalization and  liberalization of economics and financial markets.  Anifonose. 2001: 19) .
TABLE OF CONTENTSTitle page iApproval pageiiAcknowledgementiiiDedicationivTable of contentv
CHAPTER ONE1.0Introduction11.1Background of the study21.2Statement of the problem31.3Objectives of the study41.4Significance of the study41.5Research questions51.6Hypothesis51.7Scope and Limitation71.8Definition of Terms8Reference 9
CHAPTER TWO2.0Literature Review102.1Definition of foreign Exchange102.2Management of Reserve flows132.3Management of reserve stocks212.4Foreign Exchange Problems242.5Foreign Exchange Control242.6Foreign Exchange Market IFEM262.7Foreign Exchange Management and Parallel market – Bureaux De change (B.D.C)27References32
CHAPTER THREE3.0Research Methodology343.1Method of Investigation343.2Sources of Data343.3Population and sample size353.4Validity and reliability of research instrument37Reference39
CHAPTER FOUR4.0Data presentation and Analysis404.1 Data Analysis Techniques404.2Analysis of Questionnaires414.3Testing of Hypothesis 52
CHAPTER FIVE5.0Summary of findings, conclusions and Recommendation655.1 Summary of findings 655.2Recommendations665.3Conclusion68Bibliography  69