Morocco’s central bank, Bank Al-Maghrib said it pumped MAD 88.5 billion by the end of last week, said BAM in its latest note.
The total includes MAD 46 billion in the form of 7-day advances based on a request for offers, MAD 21.2 billion in the form of buy-back operations, and MAD 21.3 billion in the form of support for the financing of micro, small and medium enterprises.
In terms of the banking market, BAM stated that the average daily trading volume remained stable at MAD 3.9 billion, while the banking rate during this period was set at 1.50%.
During the call for offers on May 25 (due date of May 26), BAM pumped MAD 41.4 billion in the form of 7-day advances, according to the same source.
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