The Treasury and External Finance Department (DTFE) launched, on Wednesday, two operations to place surplus cash, totaling 1.7 billion dirhams (MAD 1.7 billion).
The first placement, amounting to 800 million dirhams, was carried out through a repurchase agreement (repo) for one day at a weighted average rate of 1.5%, the DTFE said in a statement.
The second placement, worth 900 million dirhams, was conducted unsecured for one day at a rate of 2.25%, the same source said.
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