Bank Al-Maghrib’s Weekly Foreign Exchange Market Update: Dirham Performance and Official Reserve Assets | November 2-8, 2023

2023-11-12 09:50:27
By The Economist | 12/11/2023 – 10:56 | Share

The dirham depreciated by 0.22% once morest the euro and appreciated by 0.96% once morest the US dollar during the period from November 2 to 8, according to Bank Al-Maghrib (BAM).

During this period, no auction operations were carried out on the foreign exchange market, indicates BAM in its weekly bulletin. Furthermore, as of November 2, official reserve assets stood at 354.4 billion DH, down 0.4% from one week to the next and up 4.3% year-on-year. , according to the central bank.

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