
Moroccan Dirham Weakens Against Euro, Stable vs Dollar as Central Bank Maintains Reserves
The Moroccan currency depreciated, during the week of February 21 to 27, by 0.62% against the euro and remained almost stable against the US dollar.

The Moroccan currency depreciated, during the week of February 21 to 27, by 0.62% against the euro and remained almost stable against the US dollar.

A drop in real estate prices was noted in the last quarter of 2018 in most Moroccan cities. In Agadir, however, prices have seen a slight increase, particularly for villas and commercial premises.

The real estate sector in Morocco experienced a slight drop in prices in the 4th quarter of 2018, according to the latest figures published by Bank Al-Maghrib, which nevertheless show a general stabilization throughout the year.

The Moroccan dirham appreciated by 0.65% against the euro and 0.88% against the dollar during the week of January 3 to 9.

The dirham remained virtually stable against the euro during the week of December 20 to 24, according to Bank Al-Maghrib (BAM).

During the week of December 13 to 19, the Moroccan currency depreciated by 0.92% against the European currency and by 0.28% against the dollar.