Morocco's Net International Reserves Up 27%

Morocco's Net International Reserves Up 27%
Monday 27 April 2020 - 09:51

Morocco’s net international reserves amounted to 286.3 billion dirhams until April 17, 2020, up by 27% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of 16-22 April, Bank Al-Maghrib injected 87 billion dirhams.

As for the interbank rate, it has remained at 2.02%, the source added in a release.

In the same period, the Dirham appreciated by 2.61% against the Euro and by 2.17% against the Dollar.

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