Morocco’s Treasury and External Finance Directorate (DTFE) launched on Tuesday three operations to invest cash surpluses of a total amount of 6.5 billion dirhams (MAD).
According to a statement from the DTFE, the first placement, amounting to MAD 3.55 billion, was invested through a repurchase agreement over a one-day term at a rate of 1.75%.
The second placement, also with a repurchase agreement, amounts to MAD 2.45 billion and is placed over two days at a weighted average rate of 1.75%, according to the same source.
The final investment, a MAD 500 million overnight blank operation, carried a 2.25% interest rate.
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