This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press – Economic Section
The Bank of Morocco indicated that the exchange rate of the dirham remained almost stable against the euro and fell by 0.61% against the US dollar, during the period from November 14 to 20.
The Bank of Morocco explained, in its weekly bulletin, that no tender procedure was carried out on the foreign exchange market during this period.
The same source explains that as of November 15, the assets of the official reserves amounted to 362.3 billion dirhams, recording an increase of 0.6% from one week to the next and 2.2% over one annual basis.
On the other hand, during the week of November 14 to 20, the Bank of Morocco pumped, on a daily average, 152 billion dirhams, distributed between 7-day advances amounting to 63 billion dirhams, and operations of long-term repurchase and secured loans. equivalent to 51.8 billion dirhams and 37.3 billion dirhams respectively.
At the interbank market level, the average daily trading volume reached 1.8 billion dirhams, and the interbank rate reached 2.75% on average.
During the call for tenders on November 20 (deadline November 21), the bank injected an amount of 66.1 billion dirhams in the form of advances.
