Moroccan Dirham Strengthens Against Euro as Official Reserves Hit 408 Billion
The Moroccan dirham appreciated by 0.2% against the euro and depreciated by 0.1% against the US dollar during the period from August 13 to 19, 2025, according to Bank Al-Maghrib (BAM).
During this period, no auction operation was carried out on the foreign exchange market, the Moroccan central bank said in its latest weekly indicator bulletin.
As of August 15, official reserve assets stood at 408.1 billion dirhams (MMDH), down 0.1% from the previous week and up 12.2% year-on-year.
During the period from August 14 to 20, 2025, the volume of BAM’s interventions averaged 144 MMDH per day. It is divided between 7-day advances for an amount of 67 MMDH, longer-term repurchase agreements for 44 MMDH, and guaranteed loans for 32.9 MMDH.
During the period from August 15 to 19, the MASI fell by 1.2%, bringing its performance since the beginning of the year to 32.8%.
As for the weekly trading volume, it fell from 2.5 MMDH to 1.5 MMDH week-on-week, divided between the central stock market for 949 million dirhams (MDH) and the block market for 509 MDH.
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