The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Tuesday launched a cash surplus investment operation of MAD 4.4 billion ($440 million).
The first transaction was a repo investment of MAD 2.5 billion, with a two-day maturity, yielding a weighted average rate of 2.5%, DTFE pointed out in a press release.
The second transaction was also a repo investment of MAD 1.75 billion, which was placed for one day at a rate of 2.28%.
The third was was a blank investment of MAD 150 million with a one-day maturity, yielding a weighted average rate of 2.5%, the same source noted.
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