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 1.85 billion.
The first was an unsecured investment of MAD 1.45 billion, subscribed over two days at a weighted average rate of 2.53 %, DTFE pointed out in a press release.
The second was also a repo investment of MAD 400 million, subscribed over one day at a rate of 3 %, the same source noted.
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