Bank Al-Maghrib announced that the Moroccan dirham appreciated by 0.5% against the US dollar, while it depreciated by 0.4% against the euro during the week of June 19 to 25.
In its weekly bulletin, the central bank clarified that no currency auction operations were carried out in the foreign exchange market during this period.
The same source reported that official reserve assets stood at MAD 400.7 billion as of June 20, showing a stable weekly trend and a year-on-year increase of 9.4%.
Throughout the week, Bank Al-Maghrib injected an average daily liquidity of MAD 126.9 billion, distributed as follows:
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MAD 48.5 billion in 7-day advances,
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MAD 44.6 billion in long-term repo operations,
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MAD 33.9 billion in secured loans.
On the interbank market, the average daily trading volume reached MAD 4.8 billion, with the interbank rate averaging 2.25%.
In the liquidity auction held on June 25 (with settlement on June 26), the central bank injected MAD 53.2 billion in the form of 7-day advances.
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