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Moroccan banks record a liquidity deficit of billions of dirhams

The research center “BMCI Capital Global Research” (BKGR) stated that the bank liquidity deficit worsened by 9.43 percent, to reach 111.3 billion dirhams, during the period from 6 to 12 April.

The center indicated that Bank Al-Maghrib reduced, during the same period, its advances for a period of seven days to the equivalent of 43.4 billion dirhams, indicating that treasury employment increased with a maximum daily current record of 48.7 billion dirhams on April 10, compared to 40.5 billion dirhams. billion dirhams a week ago.

For its part, the weighted average price stabilized at 3 percent, while the MONIA index (Moroccan average index: monetary reference index for daily measurement calculated on the basis of repurchase transactions delivered with treasury bills as collateral) rose to 2,919 percent.

It is assumed that Bank Al-Maghrib will, during the coming period, slightly increase its interventions in the money market by pumping 44.3 billion dirhams in the form of advances for a period of 7 days, compared to 43.4 billion dirhams a week ago.

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