Dirham Stability and Reserve Assets Update: A Brief from Bank Al-Maghrib

2023-11-05 10:20:00
By The Economist | 05/11/2023 – 10:20 | Share

The dirham remained almost stable once morest the euro and depreciated by 0.31% once morest the US dollar, during the period from October 26 to November 1, according to Bank Al-Maghrib (BAM). During this period, no auction operations were carried out on the foreign exchange market, BAM reported in its recent weekly. Furthermore, as of October 27, 2023, official reserve assets stood at 355.8 billion DH, down 0.2% from one week to the next and up 4.7% year-on-year. , according to the Central Bank.

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