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The nation’s foreign exchange reserves fell to $32.3 billion by September 2, the same level they were on June 24, and down from a 6-month high in August, the central bank’s latest figures showed yesterday.
The nation’s foreign reserves peaked at $35.9 billion on Aug 8, its highest in six month, but fell to $32.92 billion at the close of last month.
Africa’s top energy producer’s forex reserves were also lower than a year ago, when they stood at $36.01 billion.
The central bank said on Monday it planned to diversify its foreign exchange reserves away from the dollar by switching up to 10 per cent into yuan.
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