The Moroccan Dirham depreciated by 0.4% against the U.S. dollar and remained almost stable against the euro during the week of February 19 to 25, according to Bank Al-Maghrib (BAM).
During this period, no auction operations were conducted on the foreign exchange market, Morocco’s central bank stated in its latest weekly indicators report.
Official reserve assets stood at MAD 459.9 billion as of February 20, up 0.1% week-on-week and 24.8% year-on-year.
As for Bank Al-Maghrib’s interventions, they totaled an average daily amount of 150.8 billion dirhams during the period from February 19 to 25. This volume was broken down into 7-day advances amounting to 53.8 billion dirhams, longer-term repurchase agreements (55.1 billion dirhams), and secured loans (41.9 billion dirhams).
On the interbank market, the average daily trading volume reached MAD 3.2 billion, and the interbank rate stood at 2.25%.
During the tender operation of February 25, 2026 (value date February 26, 2026), the central bank injected 52.6 billion dirhams in the form of 7-day advances.
On the stock market side, the benchmark MASI index fell by 0.9% between February 19 and 25, bringing its year-to-date underperformance to 1.7%.
This decline notably reflects drops in the “Building and Construction Materials” (-1.7%), “Transport Services” (-2.4%), “Banks” (-0.6%), and “Real Estate Holding and Development” (-4.2%) indices.
Conversely, the “Mining” and “Health” indices rose by 3.5% and 2.8%, respectively.
As for the weekly trading volume, it decreased from 2.5 billion dirhams to 1.4 billion dirhams week-on-week.
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