The Moroccan dirham (MAD) appreciated by 0.5% against the US dollar (USD) and depreciated by 0.1% against the euro from December 18 to 24, 2025,, according to Morocco’s central bank, Bank Al-Maghrib (BAM).
During this period, no auction operations were carried out on the foreign exchange market, BAM says in its latest weekly indicators bulletin.
Official reserve assets stood at MAD 438.2 billion as of December 19, up 0.5% week on week and 17.4% year on year, according to the same source.
Regarding BAM’s interventions, their volume averaged MAD 157.4 billion per day, broken down into 7-day advances (MAD 67.5 billion), longer-term repurchase agreements (MAD 51.4 billion), and secured loans (MAD 38.5 billion).
On the interbank market, the average daily trading volume stood at MAD 5.7 billion, while the interbank rate was recorded at 2.25%.
At the tender held on December 24 (value date December 25), the Bank injected MAD 69.3 billion in the form of 7-day advances.
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