Moroccan Dirham Sees 1.08% Appreciation Against Dollar, 0.16% Increase Against Euro: BAM Report

2024-01-13 09:16:31
By The Economist | 01/13/2024 – 10:16 | Share

According to the Al-Maghrib Bank (BAM), the Moroccan dirham recorded an appreciation of 1.08% once morest the dollar between November and December 2023.

Furthermore, once morest the euro, the national currency experienced an increase of 0.16%. The BAM’s Monthly Review of the economic, monetary and financial situation also revealed an increase of 91.2% from one year to the next in the volume of exchanges of currencies once morest dirhams on the interbank market in November 2023.

The banks’ transactions with customers recorded variations compared to the previous year.

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