BAM weekly indicators for June 30 to July 06

Here are five key points from Bank Al-Maghrib’s (BAM) weekly indicators for the period June 30 to July 06

– The Moroccan dirham appreciated by 2.66% against the euro and depreciated by 0.65% against the US dollar.

– No auctions were conducted on the foreign exchange market.

– As of July 1, 2022, official reserve assets stood at MAD 327.4 billion, up 1% week-on-week and 8.7% year-on-year.

– Bank Al-Maghrib’s total outstanding interventions amounted to MAD 109.1 billion.

– On the interbank market, the average daily trading volume stood at MAD 2.1 billion and the interbank rate was 1.5%.