Moroccan Dirham Weakens Against Euro, Official Reserves Rise to 356.5 Billion
The Moroccan currency depreciated by 0.21% against the euro, and remained almost stable against the US dollar during the period of October 19 to 25, according to Bank Al-Maghrib (BAM).
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.
Related Articles
-
Air Arabia Chaos: Stranded Passengers Miss Funerals and Hospital Visits as Flight Cancellations Spark Outrage
7 September 2025
-
Morocco’s Real Estate Paradox: Soaring Prices Defy Official Data, Crushing Home Ownership Dreams
6 September 2025
-
Morocco’s Foreclosure Crisis: Social Media Auctions Mask Rising Family Evictions
6 September 2025
-
Morocco’s Construction Boom Faces Labor Crisis: World Cup Projects Strain Housing Sector
6 September 2025
-
Morocco’s Economic Boom: From Infrastructure Giant to Global Industrial Hub
5 September 2025