https://www.nairaland.com/7937165/external-reserves-fall-520m-five#:~:text=The%20country's%20external%20reserves%20fell,as%20of%20December%207%2C%202023.

According to this news, CBN is telling us that FX reserves falls by 520m$ and the balance is 33bn$.

Meanwhile JP Morgan told us in August that our net reserve is 3bn$

https://businessday.ng/news/article/jp-morgans-shock-reveal-puts-nigerias-fx-reserves-at-3bn/

Who do you believe, CBN or JP Morgan?

If Nigeria truly had 33bn$, why is it difficult to clear 8bn$ backlogs and stabilize FX rate?

Or am I missing sth here?


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