The Dirham appreciated by 0.51% against the Euro and depreciated by 0.8% against the US dollar during the week of January 07-13, Bank Al-Maghrib (BAM – Central Bank) has said.
During this period, no auction operations were carried out on the foreign exchange market, according to BAM’s weekly indicators bulletin.
In January 07-13, Bank Al-Maghrib injected 81.1 billion dirhams, including 36.5 billion dirhams in the form of 7-day advances on call for tenders, 24.3 billion dirhams in the framework of support programs for the financing of very small, small and medium businesses, and 5 billions in foreign exchange swap operations.
On the interbank market, the average daily volume of trade stood at 5 billion dirhams and the interbank rate stood at 1.5% in average.
On the stock market, the MASI increased by 0.4%, bringing its under-performance since the start of the year to 0.2%.
The overall volume of trade amounted to 262.7 million dirhams compared to 2.8 billion dirhams a week earlier. On the central stock market, the average daily volume reached 65.5 million dirhams against 80.5 million a week before.
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