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Wednesday, December 7, 2022

Morocco’s Official Reserve Assets Up 8.3%

Morocco’s official reserve assets amounted to 328.3 billion Dirhams on May 6, 2022, up by 8.3% compared to the same period in 2021, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of May 5-11, 2022, Bank Al-Maghrib injected 89.3 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 0.61% against the Euro and by 0.40% against the US Dollar.

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