Moroccan Dirham Strengthens Against Euro and Dollar

During this period, no auction operation was carried out on the foreign exchange market, Bank Al-Maghrib (BAM) specifies in its weekly bulletin.

As of February 7, 2025, the official reserve assets stood at 369 billion dirhams (MMDH), up 0.2% from the previous week and 4% year-on-year, the same source said.

On the interbank market, the average daily trading volume fell to 1.1 billion dirhams, while the interbank rate averaged 2.5%.

At the February 12 call for tenders (value date February 13), the Bank injected an amount of 67 MMDH in the form of 7-day advances.

On the stock market side, the MASI appreciated by 1.1% during the week of February 6 to 12, bringing its performance since the beginning of the year to 11%.

As for the weekly trading volume, it increased from 1.7 MMDH to 2.8 MMDH week-on-week, mainly carried out on the central equity market.