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Monday, July 15, 2024

Morocco’s Official Reserve Assets Up 7.4%

Morocco’s official reserve assets amounted to 323.3 billion Dirhams on June 17, 2022, up by 7.4% compared to the same period in 2022, Morocco’s Central Bank (Bank Al-Maghrib, BAM) has said.

During the week of June 16-22, 2022, the Dirham appreciated by 0.20% against the Euro and by 0.56% against the U.S. Dollar, according to BAM’s weekly indicators bulletin.

Bank Al-Maghrib injected 32.9 billion Dirhams, according to the same source.

On the interbank market, the average daily volume of trade stood at 2.8 billion Dirhams while the interbank rate remained at 1.5% on average.

On the stock market, the MASI decreased by 2.7%, bringing its counter-performance since the start of the year to 10%. The overall volume of trade amounted to 1.5 billion Dirhams compared to 676.3 million Dirhams a week before.

The average daily volume on the central stock market reached 198.1 million Dirhams against 135.3 million a week before.

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