2023-08-06 10:24:00
Here are five key points from Bank Al-Maghrib’s (BAM) weekly indicators for the period from July 27 to August 2:
1. The dirham depreciated by 1.6% against the US dollar and by 0.66% against the euro.
2. Official reserve assets stood at 341.9 billion dirhams (MMDH), down 0.7% week-on-week and up 3.6% year-on-year.
3. BAM’s total interventions amounted to 104.7 billion dirhams, including 38.8 billion dirhams in the form of 7-day advances on calls for tenders, 43.2 billion dirhams in long-term repos, and 22. 6 billion dirhams of long-term guaranteed loans.
4. On the interbank market, the average daily volume of trade stood at 2.7 billion dirhams and the interbank rate stood at 3% on average during this period.
5. During the call for tenders of August 2 (value date August 3), the Bank injected an amount of 34.7 billion dirhams in the form of 7-day advances.
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