The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Friday launched four cash surplus investment operations for a total of MAD 4.8 billion ($820 million).
The transactions included two repo investments of 5.9 billion dirhams and 1 billion dirhams, each with a seven-day maturity, yielding weighted average rates of 2.52% and 2.24%, respectively, DTFE pointed out in a press release.
A third repo investment of 700 million dirhams was made for a one-day term at 2%, while a fourth blank investment of 800 million dirhams was placed for one day at a higher rate of 2.5%.
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