Morocco’s Treasury and External Finance Directorate (DTFE) conducted three cash surplus investments Tuesday totaling 3.5 billion dirhams ($350 million), according to a press release from the Finance Ministry.
The largest operation, a MAD 2.6 billion reverse repurchase agreement, was placed for one day at a rate of 1.71%.
A second reverse repo of MAD 300 million was also executed over one day at a weighted average rate of 1.85%.
The final investment, a MAD 600 million overnight blank operation, carried a 2.25% interest rate.
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