Moroccan dirham strengthens against dollar and euro as foreign reserves reach MAD 510 billion

Moroccan dirham strengthens against dollar and euro as foreign reserves reach MAD 510 billion
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Monday 26 October 2026 - 09:44

The Moroccan dirham appreciated by 0.61% against the US dollar and 0.17% against the euro between October 15 and 21, 2026, according to Bank Al-Maghrib’s latest weekly indicators bulletin.

Morocco’s official foreign exchange reserves stood at MAD 510.2 billion as of October 16, down 1% from the previous week but up 18.8% year-on-year.

The central bank reported no foreign exchange auction operations during the period.

Bank Al-Maghrib’s daily liquidity injections averaged MAD 147.2 billion, including MAD 51.8 billion in seven-day advances, MAD 44.9 billion in longer-term repurchase agreements and MAD 50.5 billion in guaranteed loans.

On the interbank market, average daily trading volumes reached MAD 3 billion, while the interbank interest rate stood at 2.25%.

Meanwhile, the Casablanca Stock Exchange’s MASI index gained 0.2%, narrowing its year-to-date decline to 9.8%.

Real estate stocks rose 8.4%, while banking shares gained 0.8%. Telecommunications stocks fell 2.9%.

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