Morocco’s Treasury and External Finance Directorate (DTFE) launched two cash surplus placement operations on Thursday, totaling MAD 9.7 billion.
The first placement, amounting to MAD 6 billion, was subscribed for seven days at a weighted average rate of 2.27%, DTFE said in a press release.
The second transaction, a repo operation of MAD 3.7 billion, was subscribed for one day, with a rate of 1.9%.
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