Morocco’s official reserve assets amounted to 307.9 billion dirhams until March 5, 2021, up by 23.5% compared to the same period in 2020, Morocco’s central bank (Bank Al-Maghrib) has said.
During the week of March 4-10, the dirham appreciated by 0.41% against the euro and depreciated by 1.17 against the dollar, according to BAM’s weekly indicators bulletin.
No auction operations were carried out on the foreign exchange market during this period.
Bank Al-Maghrib injected 73.4 billion dirhams, including 28.2 billion dirhams in the form of 7-day advances on call for tenders, 27.7 billion dirhams in the framework of support programs for the financing of very small, small and medium businesses, and 1.6 billion dirhams in foreign exchange swap operations.
On the interbank market, the average daily volume of trade stood at 3.4 billion dirhams while the interbank rate stood at 1.5% in average.
On the stock market, the MASI increased by 0.1%, bringing its performance since the start of the year to 0.6%. The overall volume of trade amounted to 255.3 million dirhams.
The average daily volume on the central stock market, reached 51 million dirhams against 60.7 million a week before.
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