Moroccan Dirham Slips Against Dollar, Holds Steady vs Euro

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

As for the official reserve assets (AOR), they stood at 366.8 billion dirhams (MMDH) as of November 22, up 1.2% from the previous week and 3.8% year-on-year.

The volume of Bank Al-Maghrib’s interventions amounted to 155.1 MMDH on average per day. It is divided between 7-day advances (66.1 MMDH), longer-term repurchase agreements (51.9 MMDH) and guaranteed loans (37.1 MMDH).

On the interbank market, the average daily trading volume fell to 2.4 MMDH and the interbank rate averaged 2.75%.

On the stock market side, the MASI depreciated by 0.6% during this week, bringing its performance since the beginning of the year to 23.2%.

As for the weekly trading volume, it stood at 1.2 MMDH against 1.4 MMDH the previous week, mainly carried out on the central Equities market.