Moroccan Dirham Slips as Foreign Reserves Surge: Economic Shifts Shake Markets

During this period, no auction operation was carried out on the foreign exchange market, the Moroccan central bank indicates in its recent weekly indicator bulletin.

The official reserve assets (AOR) stood at 410.7 billion dirhams (MMDH) on August 29, up 0.3% from the previous week and 13.1% year-on-year, the same source specifies.

On the interbank market, the average daily trading volume stood at 3.8 MMDH and the interbank rate averaged 2.25%.

On the stock market side, the MASI fell by 0.4% during the week of August 28 to September 3, bringing its performance since the beginning of the year to 36.4%.