Moroccan dirham rises against the euro, drops against the dollar

Moroccan dirham rises against the euro, drops against the dollar
Sunday 26 September 2021 - 18:14

The Moroccan dirham rose by 0.33 percent against the euro and dropped by 0.51 percent against the US dollar, during the period from September 16 to 22.

According to the central bank’s weekly indicators, it has obtained a total of MAD6 billion during the tendering that took place from September 20 to 22.

Bank Al-Maghrib added that it pumped a total of MAD95.2 billion, including MAD36.6 billion in the form of 7-day advances, MAD30.9 billion dirhams in the form of buy-back operations, and MAD26.7 billion dirhams in support programs financing very small, small and medium-sized enterprises. In addition to MAD1 billion dirhams in exchange operations.

The total volume of exchanges amounted to MAD945.2 million, compared to MAD1.1 billion a week before, while the average daily volume of exchanges completed in the central stock market amounted to MAD176.2 million dirhams, compared to MAD227.5 million dirhams during the previous week, the central bank’s note concluded.

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