Economy

A visceral desire to find solutions to problems. A few years ago, Rémy Bonventre, a young Aubagnais, decided to get a second-hand vehicle. A bitter experience rich in lessons for the main interested party who will have a major influence on his professional career. “I bought it in a traditional garage, it looked like paper of course,” he recalls. “Three months later, I hear the rolling noise, there was a gimbal bellows. I had to change and it cost me 400 euros, it was unforeseen costs, the good deal turned in bad business.” In the process, he acquires real estate without difficulty

The dirham appreciated by 0.14% once morest the US dollar and depreciated by 0.24% once morest the euro during the week from June 1 to 7, according to Bank Al-Maghrib (BAM).

During this period, no auction operations were carried out on the foreign exchange market, indicates BAM in its recent bulletin of the weekly indicators.

As of June 2, 2023, official reserve assets stood at 355.3 billion dirhams (MMDH), up 0.2% week-on-week and 9.6% year-on-year, know the same source.

During the same week, the overall outstanding amount of BAM’s interventions amounted to 86.1 billion dirhams, including 39.3 billion dirhams in the form of 7-day advances on calls for tenders, 26.1 billion dirhams of outstanding pensions delivered over the long term and 20.7 billion dirhams of long-term guaranteed loans.

On the interbank market, the average daily volume of trade stood at 3.2 billion dirhams and the interbank rate stood at 3% on average during this period.

During the June 7 call for tenders (value date June 8), the Bank injected an amount of 35 billion dirhams in the form of 7-day advances.

On the stock market, the MASI has almost stabilized and its performance since the start of the year has been established at 2.8%. This weekly evolution mainly covers the declines in the indices of the beverages sectors of 5.9%, the distributors of 2.3% and the banks of 0.5% as well as increases of 2.1% for the food industry and 1, 8% for buildings and building materials.

As for the overall volume of trade, it stood at 493.1 million dirhams (MDH), once morest 785.7 MDH a week earlier. On the central equity market, the average daily volume amounted to 92.7 MDH following 147.1 MDH.

With MAP