Morocco’s Official Reserve Assets Up 9.3%

During the week of September 15-21, 2022, the Dirham appreciated by 1.16% against the Euro and by 0.26% against the U.S. Dollar, according to BAM’s weekly indicators bulletin.

 

No auction operations were carried out on the foreign exchange market during this period.

 

Bank Al-Maghrib injected 101.7 billion Dirhams, including 37.3 billion Dirhams in the form of 7-day advances on call for tenders and 24.6 billion Dirhams in the form of secured long-term loans, according to the same source.

 

On the interbank market, the average daily volume of trade stood at 2.7 billion Dirhams and the interbank rate stood at 1.5% on average.

 

On the stock market, the MASI increased by 0.7%, bringing its counter-performance since the start of the year to 8.4%.

 

Source: Agency Morocaine De Presse