The Moroccan dirham appreciated by 0.1% against the euro and remained nearly stable against the US dollar from January 9 to 15, 2025, according to Bank Al-Maghrib (BAM).
During this period, no foreign exchange auctions were held, as noted in BAM’s weekly bulletin.
As of January 10, 2025, Morocco’s official reserve assets stood at 367.8 billion dirhams (MAD), marking a 1.4% weekly decline but a 3.2% year-on-year increase.
Bank Al-Maghrib’s interventions during the week totaled an average of 137.3 billion MAD daily, distributed across 7-day advances (53.4 billion MAD), longer-term repos (49.6 billion MAD), and guaranteed loans (34.3 billion MAD). The interbank market saw an average daily trading volume of 2.4 billion MAD, with an interbank rate of 2.5%.
On the stock market, the MASI index rose by 2.3% during the same week, bringing its year-to-date performance to 8.8%.
The weekly rise was driven by gains in the banking sector (2.1%), agri-food/production (8.1%), and telecommunications (5.7%). Weekly trading volume dropped from 4.2 billion MAD to 2.6 billion MAD, with most transactions occurring on the central equity market.
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