Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar

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

As of December 20, 2024, the official reserve assets stood at 373.1 billion dirhams (MMDH), up 0.9% from the previous week and 4% year-on-year.

During the week of December 19 to 25, the volume of BAM’s interventions amounted to an average of 147.5 MMDH per day. It is divided between 7-day advances (63.5 MMDH), longer-term repurchase agreements (49.6 MMDH) and guaranteed loans (34.4 MMDH). On the interbank market, the average daily trading volume returned to 1.6 MMDH and the interbank rate averaged 2.5%. At the tender on December 25 (value date December 26), the