BAM’s main weekly indicators

Here are the key points of the weekly indicators of Bank Al-Maghrib (BAM) for the period from April 13 to 19, 2023:

The dirham remained virtually stable against the euro and appreciated by 0.14% against the US dollar.

No auction operation was carried out on the foreign exchange market.

As of April 14, 2023, official reserve assets stood at 360.5 billion dirhams (MMDH), down 0.3% week-on-week and up 9.5% year-on-year .

The overall outstanding balance of Central Bank interventions comes to 78.3 billion dirhams, including 44.3 billion dirhams in the form of 7-day advances on call for tenders, 16.4 billion dirhams in long-term repos and 17.6 MMDH of long-term guaranteed loans.

On the interbank market, the average daily trading volume stood at 4.2 billion dirhams.

LNT with MAP

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