Here are five key points from Bank Al-Maghrib (BAM) weekly indicators for the period from December 22 to 28, 2022:
1- The dirham appreciated by 0.36% once morest the euro and by 0.63% once morest the US dollar;
2- No auction operation was carried out on the foreign exchange market;
3- As of December 23, 2022, official reserve assets stood at 337.4 billion dirhams (MMDH), up 2.7% from one week to the next;
4- The overall outstanding balance of BAM’s interventions amounts to 109 billion dirhams, including 63.7 billion dirhams in the form of 7-day advances on call for tenders, outstanding long-term repos of 21.5 billion dirhams and an amount long-term guaranteed loans of 23.8 billion dirhams;
5- On the interbank market, the average daily volume of trade stood at 4.3 billion dirhams and the interbank rate stood at 2.50% on average during this period. (With MAP)
