Morocco's Treasury Invests MAD 32.75 Bln in Cash Surpluses

Morocco's Treasury Invests MAD 32.75 Bln in Cash Surpluses
Friday 19 April 2024 - 10:54

The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Thursday launched two cash surplus investment operations for a total of MAD 32.75 billion.

The first was a repo investment of MAD 32 billion, subscribed over seven days at a weighted average rate of 2.99%, DTFE pointed out in a press release.

The second was also a repo investment of MAD 750 million, subscribed over one day at a weighted average rate of 2. 5%, the same source noted.

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