Bank Al-Maghrib reported that the dirham appreciated by 0.2% against the euro and depreciated by 0.5% against the U.S. dollar between August 22 and 27. No foreign exchange auctions were conducted during the period.
Official reserve assets stood at 409.6 billion dirhams as of August 22, up 0.4% from the previous week and 13.2% year-on-year. Daily average central bank interventions reached 136 billion dirhams, including seven-day advances of 59.1 billion, long-term repo operations of 44 billion, and secured loans of 32.9 billion.
On the interbank market, daily trading volume averaged 3.9 billion dirhams, with the overnight rate stable at 2.25%. At the weekly tender of August 27, the central bank injected 59.1 billion dirhams in seven-day advances.
On the equity market, the MASI index rose 3.1% during the same week, bringing year-to-date gains to 37%, driven by construction materials, banks, transport services, and telecoms. Trading volume reached 2.1 billion dirhams.
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