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Tuesday 2 January 2018

Morocco’s Net International Reserves Down 3.6%

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Morocco’s Net International Reserves Down 3.6%

Morocco's net international reserves amounted to 239.2 billion dirhams until December 22, 2017, recording a 3.6% year-on-year decrease, Bank Al-Maghrib said.

During the week of December 21-27, Bank Al-Maghrib injected 44.4 billion dirhams.

As for the interbank rate, it remained at 2.26%, while the average trading volume increased from 4.5 billion dirhams to 6.5 billion dirhams, the central bank pointed out in its weekly indicators.

During the same period, the Dirham depreciated by 0.17% against the Euro and appreciated by 0.28% against the Dollar.