The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Thursday launched three cash surplus investment operations for a total of MAD 35.4 billion.
The first transaction was a repo investment of 33.5 billion dirhams, with a seven-day maturity, yielding a weighted average rate of 2.04%, DTFE pointed out in a press release.
The second transaction was also a repo investment of 700 million dirhams, which was placed for one day at a rate of 1.93%, the same source noted.
Subscribed in blank on one day, the third placement concerns MAD 1.2 billion at a weighted average rate of 2.25%.
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