Morocco’s official reserve assets amounted to 306.7 billion dirhams until March 26, 2021, up by 19.6% compared to the same period in 2020, Morocco’s central bank (Bank Al-Maghrib) has said.
During the week of March 25-31, the dirham appreciated by 0.26% against the euro and depreciated by 0.51% against the dollar, according to BAM’s weekly indicators bulletin.
No auction operations were carried out on the foreign exchange market during this period.
Bank Al-Maghrib injected 72.2 billion dirhams, including 28.6 billion dirhams in the form of 7-day advances on call for tenders and 28.5 billion dirhams in the framework of support programs for the financing of very small, small and medium businesses.
On the interbank market, the average daily volume of trade stood at 5.5 billion dirhams while the interbank rate stood at 1.5% on average, according to the same source.
On the stock market, the MASI increased by 0.4%, bringing its performance since the start of the year to 1.7%. The overall volume of trade amounted to 858.9 million dirhams.
The average daily volume on the central stock market, reached 171.6 million dirhams against 130.7 million a week before.
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