The Moroccan Treasury and External Finance Department (DTFE), under the Ministry of Economy and Finance, on Friday launched two cash surplus investment operations for a total of MAD 1.75 billion.
The first was a repo investment of MAD 1.15 billion, subscribed over three days at a weighted average rate of 2.65%, DTFE pointed out in a press release.
The second was also a repo investment of MAD 600 million, subscribed over three days at a weighted average rate of 2.4%, the same source noted.
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