Morocco's Net International Reserves Up 9.4%

Morocco's Net International Reserves Up 9.4%
Sunday 5 April 2020 - 10:52

Morocco’s net international reserves amounted to 248.9 billion dirhams until March 27, 2020, up by 9.4% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of 26 March- 1st April, Bank Al-Maghrib injected 99.2 billion dirhams.

As for the interbank rate, it has reached 2%, the source added in a release.

In the same period, the Dirham depreciated by 4.56% against the Euro and by 3.40% against the Dollar.

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