Bank Al-Maghrib (BAM) indicated during the period from April 14 to 20, 2022, the dirham remained almost stable against the euro and the US dollar.
in its recent weekly bulletin, the Central Bank specifies that during this period, no auction operation was carried out on the foreign exchange market.
As of April 15, 2022, she noted, official reserve assets stood at 329.3 billion dirhams (MMDH), up 1% week-on-week and 8.3% year-on-year. .
During the same period, the overall outstanding amount of BAM’s interventions amounted to 90.6 billion dirhams (MMDH), including 48.2 billion dirhams in the form of 7-day advances on call for tenders, 21.7 billion in the form of repurchase agreements and 20.8 billion under the program to support the financing of VSMEs.
On the interbank market, the average daily volume of trade stood at 3.9 billion dirhams and the interbank rate stood at 1.50% on average during this period.
During the call for tenders of April 20 (value date April 21), Bank Al-Maghrib injected an amount of 39.3 billion dirhams in the form of 7-day advances.
On the stock market, the MASI appreciated by 0.7%, bringing its poor performance since the start of the year to 2.2%. This weekly evolution mainly reflects the rises in the indices of the sectors of “mines” by 4.3%, “buildings and construction materials” by 0.9% and “banks” by 0.7%. Conversely, those of real estate and beverages fell by 2.2% and 1.9% respectively.
As for the overall volume of trade, it reached 474.9 million dirhams (MDH) after 830.4 MDH a week earlier. On the central equity market, the average daily volume stood at 93.4 MDH against 150.1 MDH.