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Nigeria
·
debt
·
all of Nigeria
Nigeria
Total reserves (% of total external debt)
World Bank · 1971–2024
37.15
percent · 2024
Datasets
1
Total reserves (% of total external debt)
World Bank · Financial Sector
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.
