Morocco’s treasury invests MAD 3.5 Bln in cash surpluses

The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Tuesday launched two cash surplus investment operations for a total of MAD 3.55 billion.

The first was a repo investment at a rate of 2.65% for an amount of MAD 3.45 billion subscribed over one day, DTFE said in a press release.

The second unsecured investment of MAD 100 million was subscribed over one day, at a rate of 3%, it noted.