Between July 24 and 29, 2025, the Moroccan dirham appreciated by 0.6 percent against the euro while declining by 1 percent against the US dollar, according to Bank Al-Maghrib’s latest weekly bulletin.
The central bank reported no foreign exchange auctions during the period. Official reserve assets stood at 406 billion dirhams as of July 25, marking a weekly increase of 0.2 percent and an annual rise of 11.8 percent.
Bank Al-Maghrib injected a daily average of 128.3 billion dirhams into the money market, including 51.4 billion in seven-day advances, 44 billion in long-term repo operations, and 32.9 billion in secured loans.
Interbank market activity averaged 4 billion dirhams daily, with the average rate holding at 2.25 percent. On July 31, the central bank allocated 53.4 billion dirhams in seven-day advances.
On the Casablanca Stock Exchange, the MASI index rose 1.9 percent, extending its year-to-date performance to 31.6 percent. Gains were driven by banking (+3%), mining (+6.1%), health (+6.1%), telecoms (+2.7%), and transport services (+1.5%).
Weekly trading volume more than doubled to 5.2 billion dirhams, including 2.9 billion on the central equity market and 2.2 billion linked to a capital increase by the Casablanca-based construction firm TGCC.
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