Moroccan dirham drops against euro, US dollar

Moroccan dirham drops against euro, US dollar
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Sunday 27 February 2022 - 16:00

The Moroccan dirham dropped by 0.34% against the euro, and by 0.61% against the US dollar, during the period from February 17 to 23, 2022, according to Bank Al-Maghrib (BAM).

During this period, no auction operation was carried out on the foreign exchange market, said the Central Bank in its recent weekly bulletin.

As of February 4, official reserve assets stood at 332.8 billion dirhams, an increase of 1 percent week-on-week, and 8% year-on-year, specified the Central Bank.

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