
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
The dirham appreciated by 0.28% against the euro and 0.14% against the US dollar. This was during the period between September and October, according to Bank Al-Maghrib (BAM).

The dirham appreciated by 0.28% against the euro and 0.14% against the US dollar. This was during the period between September and October, according to Bank Al-Maghrib (BAM).

The latest weekly indicator bulletin from Bank Al-Maghrib (BAM) indicates that the dirham appreciated by 0.62% against the euro and depreciated by 0.42% against the US dollar, during the period from October 22 to 28, 2020.

Counterfeit banknotes increased by 5.5% in 2019 after a 7% decline in 2018. More than 69% of counterfeit banknotes discovered by Bank Al-Maghrib are 200 DH denominations.

Contrary to the period from October 1 to 7, 2020, the dirham appreciated by 0.62% against the euro and 0.45% against the dollar, during the period from October 8 to 14, 2020, according to Bank Al-Maghrib (BAM) in its latest weekly indicators bulletin.

The dirham has depreciated by 0.53% against the euro and 0.10% against the dollar, according to Bank Al-Maghrib (BAM) in its bulletin on weekly indicators.

The dirham appreciated by 0.12% against the euro and 0.13% against the dollar during the period of September 24 to 30, 2020, according to Bank Al-Maghrib (BAM).

Morocco launched, on Thursday, a one billion euro euro-bond in two tranches of 500 million euros each.

The Moroccan currency depreciated by 1.02% against the Euro and remained almost stable against the dollar, during the period from September 10 to 16, 2020.

Contrary to the period of August 13-19, 2020, the dirham appreciated by 0.58% against the Euro during the week of August 20-26 and depreciated by 0.44% against the dollar.

The dirham appreciated by 0.87% against the dollar and depreciated by 0.51% against the euro, during the period from August 13 to 19, 2020, according to Bank Al-Maghrib (BAM).

The dirham appreciated, on a monthly basis, by 1.23% against the US dollar and depreciated by 0.32% against the euro in July, according to Bank Al-Maghrib (BAM).

The dirham appreciated by 0.84% against the euro and 0.30% against the dollar, during the period from August 6 to 12, 2020, according to Bank Al-Maghrib (BAM).