The Moroccan dirham rose by 1.41% against euro and dropped by 0.45% against the US dollar, said Bank Al-Maghrib (BAM) in its recent note for the period from March 31 to April 6.
As for BAM’s foreign exchange auctions with banks, no auctions have been held since January 2022.
As of April 1, official reserve assets stood at MAD332.3 billion , down 0.1% week-on-week and up 8.8% year-on-year.
Additionally, BAM injected a total of MAD83.3 billion, of which MAD40.9 billion in the form of 7-day advances on tender, MAD21.7 billion through repurchase agreements, and MAD20.8 billion in the form of support to the financing of micro, small, and medium-sized enterprises.
On the interbank market, the average daily trading volume totaled MAD4.2 billion, and the interbank rate averaged 1.50% during this period.
On the stock market, the global volume totaled over MAD641.26 million, and the market capitalization exceeded MAD673.72 billion.
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