Tuesday, November 26

Morocco’s Official Reserve Assets Up 23.1%

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Maghreb Arabe Presse (Rabat)

Morocco’s official reserve assets amounted to 293.7 billion dirhams until October 23, 2020, up by 23.1% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) has said.

During the week of 22-28 October, Bank Al-Maghrib injected 104.1 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 appreciated by 0.62% against the Euro and depreciated by 0.42% against the Euro.

Read the original article on MAP.

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