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Monday, July 15, 2024

Morocco’s Official Reserve Assets Up 8.1%

Morocco’s official reserve assets amounted to 328.1 billion Dirhams on May 20, 2022, up by 8.1% compared to the same period in 2021, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of May 19-25, 2022, Bank Al-Maghrib injected 88.5 billion dirhams.

As for the interbank rate, it has remained at 1.5%, the source added in a release.

In the same period, the Dirham depreciated by 0.36% against the Euro and appreciated by 1.07% against the US Dollar.

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