Bank Al-Maghrib (BAM) said the Moroccan dirham rose by 0.95% against the euro, and dropped by 0.89% against the US dollar for the period between March and April, reports MAP on Monday.
The Central Bank stated no auction operations were conducted since December 2021.
The volume of currency exchange in the banking market reached MAD47.1 billion in March, representing an increase of MAD 15.2 billion compared to the same period last year.
The central bank said transactions with customers reached MAD 34.2 billion for cash purchases, up compared to MAD 28 billion recorded in the same period a year earlier, in addition to MAD 5 billion in the form of repurchase operations, down compared to MAD 18.7 billion recorded in the same period previously.
Sales amounted to MAD 40.1 billion for cash transactions, and MAD 1 billion for forward transactions, compared to MAD 28.7 billion, and MAD 3.2 billion recorded respectively during the same period last year, added BAM.
The net exchange of banks recorded a deficit of MAD 3.6 billion by the end of March, down compared to MAD 6.2 billion recorded by the end of February, according to the same source.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.