Dirham appreciated by 1.4% against the euro and 0.6% against the US dollar between January 2 and 8, 2025, according to Bank Al-Maghrib,
In its weekly report, the central bank noted that no foreign exchange auctions were held during this period.
The report also highlighted that Morocco’s official reserve assets stood at MAD 373.2 billion as of January 3, 2025, marking a 0.6% decline from the previous week but a 4.9% increase year-on-year.
During the week, Bank Al Maghrib injected an average of MAD 144.2 billion into the market, including MAD 60.2 billion in seven-day advances, MAD 49.6 billion in long-term repos, and MAD 34.3 billion in collateralized loans.
The average daily trading volume in the interbank market reached MAD 2.6 billion, with an average interbank rate of 2.5%. On January 8, the bank provided MAD 53.4 billion in seven-day advances.
In the stock market, the “MASI” index rose by 6.4%, driven by strong performances in the banking, building materials, transportation, and real estate sectors. However, weekly trading volume dropped from MAD 7.3 billion to MAD 4.2 billion.
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