Morocco’s Treasury and External Finance Directorate (DTFE) invested MAD 50.45 billion ($5 billion) in short-term cash surplus operations on Thursday, amid ongoing liquidity management efforts.
The bulk of the investment—MAD 44.8 billion—was allocated via a seven-day reverse repurchase agreement at a weighted average rate of 2.05%, the DTFE pointed out in a statement.
Additional placements included: MAD 3.15 billion over four days at 1.75%, MAD 1 billion over seven days at 1.75%, MAD 1 billion for a single day at 1.75%, and a final unsecured one-day investment of MAD 500 million at 2.25%
The move reflects continued activity in the short-term money market as the Treasury seeks to optimize returns on temporary cash surpluses while managing interbank liquidity.
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