Moroccan Dirham Surges Against Euro as Official Reserves Hit 406 Billion

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

The official reserve assets stood at 406 billion dirhams (MMDH) as of July 25, up 0.2% from the previous week and 11.8% year-on-year.

During the period from July 24 to 30, 2025, the volume of BAM’s interventions averaged 128.3 MMDH per day. It is divided between 51.4 MMDH in the form of 7-day advances, 44 MMDH in longer-term repurchase agreements, and 32.9 MMDH in guaranteed loans.

On the interbank market, the average daily trading volume was 4 MMDH and the interbank rate averaged 2.25%.

On the stock market, the MASI appreciated by 1.9% during the period from July 24 to 29, bringing its performance since the beginning of the year to 31.6%.

As for the weekly trading volume, it increased from 2.2 MMDH to 5.2 MMDH week-on-week, including 2.9 MMDH on the central equity market and 2.2 MMDH for the capital increase of the company TGCC.