Bank Al-Maghrib reported that the dirham depreciated by 0.83 percent against the euro, and by 0.29 percent against the US dollar, during the period from 25 to 31 August.
The Central Bank clarified, in its last weekly note, that during this period no tender process was conducted in the exchange market.
Official reserve assets amounted to 338.4 billion dirhams on August 26, 2022, an increase of 1.4 percent from one week to another, and an increase of 8.3 percent on an annual basis.
At the level of the banking market, the average daily trading volume amounted to 2.4 billion dirhams, while the average banking rate during the same period was 1.5 percent.
During the call for proposals on August 31 (the due date is September 1st), Bank Al-Maghrib injected an amount of 38.9 billion dirhams in the form of 7-day advances.
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