Bank Al-Maghrib reported that the dirham depreciated by 0.90 percent against the euro, and by 1.57 percent against the US dollar, during the period from August 11 to 17.
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 336.9 billion dirhams on August 12, 2022, an increase of 1.7 percent from one week to another, and 12.5 percent on an annual basis.
During the same period, Bank Al-Maghrib pumped a total of 105.5 billion dirhams, including 39.7 billion dirhams in the form of 7-day advances based on requests for proposals, 38.6 billion dirhams in the form of repurchases, and 27.1 billion dirhams in the framework of a support program to finance very small, small and medium enterprises.
The Central Bank also reported that at the level of the banking market, the average daily trading volume amounted to 3.7 billion dirhams, while the banking rate during this period stood at 1.5 percent on average.
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.