Morocco’s Treasury and External Finance Directorate (DTFE) conducted two repurchase agreement (repo) operations on Friday, placing a total of 1.72 billion dirhams (MAD) in excess cash.
The first operation, valued at MAD 1 billion, was placed for a six-day term at a weighted average rate of 1.8%, the DTFE said in a press release.
The second placement involved MAD 720 million for a three-day term, also at a rate of 1.8%.
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