The Treasury and External Finance Department (DTFE) on Wednesday launched two placements of surplus cash totaling 2.8 billion dirhams (MAD 2.8 billion).
The first repo placement, amounting to MAD 1.8 billion, was subscribed for one day at a weighted average rate of 1.56%, the DTFE said in a statement.
The second unsecured placement, amounting to MAD 1 billion, also has a one-day maturity, at a rate of 2.25%, according to the same source.
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