Morocco's Official Reserve Assets Up 6%

Morocco's Official Reserve Assets Up 6%
Monday 24 May 2021 - 10:55

Morocco’s official reserve assets amounted to 302.2 billion dirhams on May 12, 2021, up by 6% compared to the same period in 2020, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of 13-19 May, 2021, Bank Al-Maghrib injected 78.8 billion dirhams.

As for the interbank rate, it has remained at 1.5%, the source added in a release.

In the same period, the Dirham depreciated by 0.23% against the Euro and appreciated by 0.46% against the US Dollar.

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