Morocco / Finance: The Treasury places 4.5 billion dirhams in cash surpluses

The Department of the Treasury and External Finances (DTFE) launched on Thursday two investment operations of cash surpluses with reverse repurchase agreements for a total amount of 4.5 billion dirhams (MMDH).

This is a first investment of 2.5 billion dirhams, subscribed over a period of 7 days at a weighted average rate of 1.51%, indicates the DTFE in a press release.

The second placement is taken out over one day for MAD 2 billion and a rate of 1.29%, adds the same source.

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