Moroccan Dirham Weakens Against Euro, Official Reserves Rise to 356.5 Billion

During this period, no foreign exchange auction was carried out, BAM said in its latest weekly bulletin.

As of October 20, 2023, the official reserve assets stood at 356.5 billion dirhams (MMDH), up 1% from the previous week and 5.6% year-on-year.

During this week, Bank Al-Maghrib’s interventions averaged 108 MMDH per day, divided between 7-day advances for an amount of 42.2 billion and long-term repurchase agreements and guaranteed loans for outstanding amounts of 39.8 billion and 26 billion respectively.

On the central equity market, the average daily volume amounted to 123.2 MDH, after 184 MDH.