News
Tuesday 18 July 2017

Morocco’s Net International Reserves Down 16.4%

Vocal synthesis
Morocco’s Net International Reserves Down 16.4%

Morocco's net international reserves amounted to 201.5 billion dirhams until July 7, 2017, recording a 16.4 pc year-on-year decrease, Bank Al-Maghrib said.

During the week of July 6-12, Bank Al-Maghrib injected 67.2 billion dirhams.

As for the interbank rate, it remained at 2.33%, while the average trading volume increased from 5.4 billion dirhams one week before to 8.2 billion dirhams, the central bank pointed out in its weekly indicators.

During the same period, the Dirham depreciated by 0.49% against the Euro and appreciated by 0.79% against the dollar.

MAP 18 July 2017