Flexibility of the dirham

Articles

• Morocco Advances Dirham Liberalization to Boost Economic Flexibility
  3 April, by Prince

  Initiated several years ago, the process of liberalizing the exchange rate regime in Morocco is progressing. The ultimate goal is to strengthen the flexibility of the dirham and economic resilience.
  Led by Bank Al-Maghrib, this reform has favored the widening of the dirham’s fluctuation bands, allowing for better knowledge of market dynamics and reducing the central bank’s interventions, analyzes Finances News Hebdo, specifying that the introduction of an interbank foreign exchange market (…)

• Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
  20 January 2020, by Bladi.net

  According to the indicators published by Bank Al-Maghrib, the dirham appreciated by 0.19% against the euro and 0.39% against the dollar during the period from January 9 to 15.
  According to Bank Al-Maghrib, in its note on its weekly indicators, no auction operation was carried out on the foreign exchange market.
  Regarding the net international reserves, they stood at 244.4 billion dirhams (MMDH) as of January 10, down 0.5% from the previous week, and up 6.7% year-on-year.
  During this (…)

• Morocco Expands Dirham Flexibility in IMF-Backed Currency Reform
  25 April 2024, by Prince

  Nadia Fettah, Minister of Economy and Finance, welcomes the ongoing reform of the Moroccan exchange rate regime, stating that an important step is being taken to improve the flexibility of the dirham.
  "In partnership with the IMF, we are closely monitoring the evolution of each stage of the dirham floating process," Nadia Fettah told Sky News Arabia, on the sidelines of the IMF and World Bank meetings held from April 15 to 20 in Washington. The national treasurer added that the (…)

• Moroccan Dirham Weakens Against Euro and Dollar as Foreign Reserves Dip
  5 August 2019, by Bladi.net

  Contrary to the period from July 18 to 24, 2019, the dirham depreciated against the euro and the dollar, the central bank indicates. The same source also specifies that no auction operation was carried out on the foreign exchange market during this period. Moreover, the net international reserves recorded a week-on-week decline of 1.1%, to stand at 230.8 billion dirhams (MMDH), the same source said. However, these reserves recorded a year-on-year increase of 2.2%.
  Regarding interventions (…)

• Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
  3 February 2020, by Bladi.net

  The Moroccan dirham appreciated 0.36% against the euro and 0.41% against the dollar during the week of January 23 to 29, 2020.
  According to Bank Al-Maghrib (BAM), in its latest weekly indicator bulletin, no auction operation was carried out on the foreign exchange market. As of January 24, 2020, the outstanding net international reserves remained stable from one week to the next at 243.9 billion dirhams (MMDH), showing an annual increase of 6.4%.
  Regarding interventions in the money (…)

• Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Mid-February
  24 February 2020, by Bladi.net

  The Moroccan dirham appreciated by 0.53% against the euro and depreciated by 0.58% against the dollar, during the week of February 13 to 19, according to Bank Al-Magrib.
  According to BAM, in its latest weekly indicators bulletin, no auction operation was carried out on the foreign exchange market during this period. As of February 14, 2020, the outstanding net international reserves stood at 242.2 billion dirhams (MMDH), down 0.5% from the previous week and up 6.9% year-on-year.
  BAM (…)

• Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Latest Week
  1 March 2020, by Bladi.net

  The dirham depreciated by 0.15% against the euro and appreciated by 0.67% against the dollar, during the period from February 20 to 26, according to Bank Al-Maghrib (BAM).
  Contrary to the period from February 13 to 19, the dirham depreciated against the euro and the dollar, the central bank indicates. In its latest weekly indicator bulletin, the same source specifies that no auction operation was carried out on the foreign exchange market. As of February 21, 2020, the outstanding net (…)

• Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar: Central Bank Report
  30 December 2019, by Bladi.net

  According to the indicators published by Bank Al-Maghrib (BAM), from December 19 to 25, the dirham appreciated by 0.27% against the euro and depreciated by 0.29% against the dollar.
  During this period, net international reserves stood at 243.5 billion dirhams, up 0.4% week-on-week and 6.7% year-on-year, BAM said, adding that no auction operation was carried out on the foreign exchange market.
  Bank Al-Maghrib announced that it had injected a total amount of 60 billion dirhams in the form (…)

• Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Late December
  7 January 2020, by Bladi.net

  The Moroccan currency depreciated by 0.82% against the euro and appreciated by 0.51% against the dollar during the period from December 26 to 31, 2019.
  Thus, during this period, no auction operation was carried out on the foreign exchange market, according to a note on the weekly indicators, published by Bank Al-Maghrib (BAM). As of December 27, net international reserves recorded a 0.3% increase from the previous week and a 6.1% year-on-year increase to reach 244.3 billion dirhams. (…)

• Moroccan Dirham Strengthens Against Euro and Dollar in January
  10 February 2020, by Bladi.net

  The Moroccan dirham appreciated by 0.24% against the euro, and by 0.14% against the dollar, during the month of January.
  According to the indicators published by Bank Al-Maghrib (BAM), no auction operation has been carried out on the foreign exchange market since April 2018.
  Regarding the volume of foreign exchange transactions against the dirham on the interbank market, it recorded an increase of 12.6 billion dirhams compared to the same month a year earlier and stood at 28.4 billion (…)