This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
The Bank of Morocco indicated that the exchange rate of the dirham fell by 0.5% against the US dollar, and by 0.6% against the euro, during the period from December 26 to 31, 2024. .
The Bank of Morocco explained, in its weekly bulletin, that no tender procedure was carried out on the foreign exchange market during this period.
The bank adds that as of December 27, 2024, official reserve assets amounted to 375.2 billion dirhams, recording an increase of 0.6% on a weekly basis, and 4.6% on an annual basis.
During the week from December 26 to January 1, 2025, Bank Al-Maghrib pumped, on a daily average, 156.6 billion dirhams, distributed between 7-day advances (72.6 billion dirhams), repurchase operations at long-term (49.6 billion dirhams), and guaranteed loans (34.4 billion dirhams).
At the market level, the average daily trading volume reached 5 billion dirhams, while the interbank rate reached 2.51% on average.
During the call for tenders on January 2 (deadline January 2), the bank injected an amount of 60.2 billion dirhams in the form of 7-day advances.
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