The dirham remained almost stable against the euro and appreciated by 0.8% against the US dollar during the week of December 24-30, 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 December 24-30, Bank Al-Maghrib injected 89.5 billion dirhams, including 44 billion dirhams in the form of 7-day advances on call for tenders, 25.2 billion dirhams in the framework of support programs for the financing of very small, small and medium businesses, and 5 billion in foreign exchange swap operations.
On the interbank market, the average daily volume of trade stood at 5.1 billion dirhams and the interbank rate stood at 1.5% in average.
On the stock market, the MASI declined by 1.6%, bringing its under-performance since the start of the year to 7.9%.
The overall volume of trade for the week of December 24-30 amounted to 11.4 billion dirhams compared to 1.7 billion dirhams a week earlier. On the central stock market, the average daily volume reached 387.3 billion against MMD 291.9 million a week before.
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