Morocco’s Central Bank reported a 0.87 percent increase in dirham against the euro but a 0.54 percent decline against the US dollar, highlighting currency market dynamics.
In its weekly bulletin, the Central Bank noted that there were no tender processes in the exchange market for the specified period. Official reserve assets, as of September 22, totaled 356.4 billion dirhams, with a minor 0.2 percent weekly decrease and a substantial 5.8 percent annual increase.
The Bank of Morocco injected an average daily sum of 98.3 billion dirhams into the financial system. This amount was allocated across various financial instruments, including 7-day advances, long-term repurchase operations, long-term guaranteed loans, and 24-hour advances.
The interbank market saw a daily trading volume averaging 5 billion dirhams, with an average interest rate of 3 percent. Bank Al-Maghrib, on September 27, issued 43.2 billion dirhams in 7-day advances.
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