Moroccan Dirham Gains 0.55% Against Euro, Official Reserves at 369.2 Billion

During this period, no auction operation was carried out on the foreign exchange market, BAM indicates in its weekly bulletin.

As of June 07, 2024, the official reserve assets stood at 369.2 billion dirhams (MMDH), down 0.4% from the previous week and up 4.8% year-on-year.

BAM’s interventions averaged 127.1 MMDH per day, including 42.6 MMDH in the form of 7-day advances, 51.2 MMDH in long-term repurchase agreements and 33.2 MMDH in guaranteed loans.

On the interbank market, the average daily trading volume stood at 3.3 MMDH and the interbank rate averaged 3%.

On the stock market, the MASI appreciated by 0.8%, bringing its performance since the beginning of the year to 8.8%.

As for the weekly trading volume, it increased from 990 MDH to 2.5 MMDH, including 1.1 MMDH carried out on the equity block market.