Bank Al-Maghrib reported that the dirham rose by 0.28 percent against the US dollar, and depreciated against the euro by 0.12 percent, during the period from 4 to 10 August.
The Central Bank indicated, in its latest weekly bulletin, that during this period no tender process was conducted in the exchange market.
Official reserve assets amounted to 331.1 billion dirhams on August 05, 2022, an increase of 0.3 percent from one week to another, and 10.1 percent on an annual basis.
Bank Al-Maghrib injected, during the same period, a total of 108 billion dirhams. 42.3 billion dirhams are in the form of 7-day advances, 38.6 billion dirhams in the form of buy-back operations, and 27.1 billion dirhams in the framework of the program to support the financing of very small, small, and medium enterprises.
The average daily trading volume amounted to 2.7 billion dirhams, while the banking average during this period was 1.5 percent on average.
During the call for proposals on August 9 (maturity date August 10), Bank Al-Maghrib pumped 39.7 billion dirhams in advances for 7 days.
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