Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar: Central Bank Report

During this period, net international reserves stood at 243.5 billion dirhams, up 0.4% week-on-week and 6.7% year-on-year, BAM said, adding that no auction operation was carried out on the foreign exchange market.

Bank Al-Maghrib announced that it had injected a total amount of 60 billion dirhams in the form of 7-day advances on call for tenders.

Similarly, a fund amounting to 2.3 billion was granted under the program to support the financing of SMEs and 4.2 billion through a foreign exchange swap operation, with the total volume of interventions set at 66.5 billion dirhams.

During this period, the interbank rate stood at 2.31%, while the trading volume reached 4.8 billion dirhams, it is stated. In addition, during the call for tenders on December 25 (value date December 26), Bank Al-Maghrib injected an amount of 65 billion dirhams in the form of 7-day advances.