Morocco’s Treasury and External Finance Directorate (DTFE) launched Tuesday two cash surplus investment operations, totaling 4.9 billion Moroccan dirhams (MAD).
The first placement, amounting to MAD 2.9 billion, was subscribed for one day at a weighted average rate of 2.25%, DTFE said in a statement.
The second placement of MAD 2 billion with a repurchase agreement was subscribed over one day at a rate of 1.91%, according to the same source.
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