Dirham rises against dollar, drops against euro

Dirham rises against dollar,  drops against euro
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Sunday 9 January 2022 - 13:13

Bank Al-Maghrib reported that the exchange rate of the dirham rose by 0.14 percent against the US dollar, and decreased by 0.12 percent against the euro, during the period between December 30, 2021, and January 5.

The Central Bank clarified, in its memorandum on the weekly indicators, that during this period no bidding process was conducted in the exchange market, adding that until December 31, 2021, the official reserve assets had stabilized at 331.2 billion dirhams, an increase of 0.3 percent from one week to another, and by 3.3 percent on an annual basis.

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