The Moroccan dirham rose by 0,99% against the euro and dropped by 1,21% against the US dollar during the period from October 6 to 12, 2022, according to Bank Al-Maghrib (BAM).
No auctions were held in the foreign exchange market, said the same source.
Additionally, official reserve assets totaled MAD 339.1 billion, down 0.5% week-on-week and up 5.3% year-on-year.
BAM’s total outstanding interventions reached MAD 102.6 billion, including MAD 48.6 billion in the form of 7-day advances on call for tenders, MAD 30.9 billion in long-term repurchase agreements, and MAD 23.2 billion in long-term guaranteed loans.
On the interbank market, the average daily volume of exchanges was established at MAD 5.5 billion and the interbank rate was fixed during this period at 2.01% on average, according to the same source.
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