Morocco’s dirham appreciated by 0.3% against the euro and slightly declined by 0.2% versus the US dollar between July 3 and 9, 2025, , according to Bank Al-Maghrib.
No foreign exchange auctions were conducted during this period. Official reserves stood at 405.1 billion dirhams as of July 4, marking a 0.8% weekly increase and an 11.7% rise year-on-year.
In the money market, the central bank injected a daily average of 131.9 billion dirhams, 53.4 billion in 7-day advances, 44 billion in long-term repo operations, and 34.5 billion in guaranteed loans.
Interbank trading averaged 3.4 billion dirhams daily, with the interbank rate stabilizing at 2.25%. A total of 48.6 billion dirhams was provided via a 7-day advance auction on July 9.
On the stock exchange, the MASI index rose by 1.7%, pushing its year-to-date performance to 27.4%, supported by gains in banking (+1.7%), telecom (+4.4%), transport services (+3.7%), and agribusiness (+4.8%).
Weekly trading volume dropped to 1.8 billion dirhams, down from 3.5 billion, with most transactions occurring in the central equity market.
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