Morocco's treasury invests MAD 3.5 Bln in cash surpluses

Morocco's treasury invests MAD 3.5 Bln in cash surpluses
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Wednesday 22 November 2023 - 10:30

The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Tuesday launched two cash surplus investment operations for a total of MAD 3.55 billion.

The first was a repo investment at a rate of 2.65% for an amount of MAD 3.45 billion subscribed over one day, DTFE said in a press release.

The second unsecured investment of MAD 100 million was subscribed over one day, at a rate of 3%, it noted.

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