Sunday, January 29, 2023 at 11:45 AM
Rabat – Here are five key points from Bank Al-Maghrib (BAM) weekly indicators for the period from January 19 to 25, 2023:
1- The dirham appreciated by 0.20% against the US dollar and remained virtually stable against the euro;
2- During this period, no auction operation was carried out on the foreign exchange market;
3- As of January 20, 2023, official reserve assets stood at 334.6 billion dirhams (MMDH), up 1.4% week-on-week and 1.7% year-on-year;
4- The overall outstanding amount of BAM’s interventions comes to 88.9 billion dirhams, including 43.6 billion dirhams in the form of 7-day advances on calls for tenders, outstanding long-term repos of 23.5 billion dirhams and an amount long-term guaranteed loans of 21.8 billion dirhams;
5- On the interbank market, the average daily volume of trade stood at 5.2 billion dirhams and the interbank rate stood at 2.50% on average during this period.