The Moroccan dirham falls against the euro

During this period, no auction operation was carried out on the foreign exchange market, the central bank notes in its latest weekly bulletin.

The official reserve assets stood at 362.9 billion dirhams (MMDH) on March 8, up 0.4% from the previous week and 0.7% year-on-year, the same source said.

In addition, BAM’s interventions averaged 121.8 MMDH per day over the same period. They are divided between 7-day advances for an amount of 40.8 MMDH as well as long-term repurchase agreements and guaranteed loans for outstanding amounts of 52.9 MMDH and 28.1 MMDH respectively.

On the interbank market, the average daily trading volume amounted to 2.5 MMDH and the interbank rate stood at 3% on average.

On the stock market, the MASI depreciated by 0.4%, bringing its performance since the beginning of the year to 6.6%.

As for the weekly trading volume, it fell from 1.3 MMDH to 401.2 MDH week-on-week, mainly carried out on the central equity market.