BAM’s weekly indicators in 4 key points

Here are four key points of the weekly indicators of Bank Al-Maghrib (BAM) for the period from 09 to 15 September 2021:

1- The dirham has remained almost stable against the euro and the US dollar.

2- As of September 10, 2021, the outstanding official reserve assets of BAM stood at 312.4 billion dirhams (MMDH), virtually stagnant from one week to the next and up by 5, 5% year-on-year.

3- The overall outstanding amount of BAM interventions stands at MAD 90.2 billion, of which MAD 31.7 billion in the form of 7-day advances on call for tenders, MAD 30.9 billion in the form of repurchase transactions, 26 , 7 billion dirhams in the framework of support programs for the financing of very small, small and medium-sized enterprises (TPME) and 1 billion dirhams for foreign exchange swap operations.

4- On the interbank market, the average daily volume of exchanges stood at 5.4 billion dirhams and the interbank rate stood at 1.50% on average.



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