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Currencies: Morocco's reserves exceed 329 billion dirhams

01/02/2022
Categories: Economy/Forex

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The dirham recorded a stable performance against the euro and a depreciation of 0.50% against the US dollar between 20 and 26 January. Thus, official reserve assets exceeded 329 billion dirhams as of January 21, 2022, an increase of 6.3% year-on-year. As for the overall outstanding balance of central bank interventions, it is at 74.3 billion dirhams, including 34.1 billion dirhams allocated to 7-day advances on calls for tenders, 22.7 billion dirhams to repurchase transactions and the rest financing support programs for Very Small and Medium Enterprises. The average daily volume of interbank exchanges was 4.2 billion with an average rate of 1.50% over the same period.

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