Morocco’s dirham rose 0.5 percent against the US dollar and fell 0.2 percent versus the euro between Jan. 15 and Jan. 21, Bank Al Maghrib said in its weekly indicators bulletin.
The central bank said it carried out no foreign exchange auctions during the period. Official reserve assets stood at 448 billion dirhams on Jan. 16, down 0.2 percent on the week but up 21.6 percent year on year.
Bank Al Maghrib’s liquidity injections averaged 147.8 billion dirhams per day, including 57.8 billion in seven day advances, 51.4 billion in longer term repos and 38.5 billion in secured loans, it said. The interbank rate averaged 2.25 percent as daily volumes eased to 3.7 billion.
On the stock exchange, the MASI fell 3.8 percent and weekly turnover slid to 1.2 billion dirhams.
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