The Moroccan dirham dropped against the euro and the US dollar for the 4th week in a row, over the period from April 15 to 22, according to Attijari Global Research (AGR), reports MAP.
This decline of the national currency is explained by a restrictive liquidity effect for the dirham of +0.27%.
In its latest currencies note, AGR added that the USD/MAD and EUR/MAD parities moved +0.27% this week.
AGR also reported that the tightening of liquidity in the interbank foreign exchange market has led to an increase in the liquidity spreads of the dirham, from -1.4% to -1.1% over the week.
Additionally, a decline was observed in the foreign exchange position of banks from MAD -3.1 billion on a weekly average, to MAD -3.4 billion this week, according to the same source.
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