The liquidity spreads of the Moroccan dirham improved during the week of November 28 to December 02, from 4.91% to 4.54%,while a drop of 37 basis points, according to Attijari Global Research (AGR), reported MAP.
During the same period, the USD/MAD fell for the 4th consecutive week by 1.08% to 10.56, AGR said in its recent weekly note “Weekly MAD Insight-Currencies”, noting that this is a 3-month drop.
The foreign exchange position showed a deficit of MAD 2.5 billion on weekly average.
The import flows are important due to the impact of the increase in import prices and the rise in hedging operations, according to the same source.
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