HomeEconomyChange: The dirham almost stable against the euro

Change: The dirham almost stable against the euro

Bank Al-Maghrib (BAM) indicated that during the period from January 20 to 26, 2022, the dirham remained almost stable against the euro and depreciated by 0.50% against the dollar. American.

in its recent weekly bulletin, the Central Bank states that during this period, no auction operation was carried out on the foreign exchange market.

As of January 21, 2022, official reserve assets stood at 329.1 billion dirhams (MMDH), up 0.2% week-on-week and 6.3% year-on-year.

During the same period, the overall outstanding amount of Bank Al-Maghrib’s interventions amounted to 74.3 billion dirhams, including 34.1 billion dirhams in the form of 7-day advances on calls for tenders, 22.7 billion in the form of repurchase transactions, 17.6 billion as part of support programs for the financing of VSMEs.

On the interbank market, the average daily volume of exchanges stood at 4.2 billion and the interbank rate stood at 1.50% on average during this period.

On the stock market, the MASI depreciated by 0.1% and its performance since the beginning of the year stands at 2.7%. This weekly evolution is mainly due to the declines in the indices of the “telecommunications” sectors by 1.3%, “transport services” by 1.6% and “distributors” by 2.1%.

On the other hand, those of “oil and gas” and “buildings and construction materials” increased by 2.9% and 1% respectively.

As for the overall volume of trade, it reached 1.3 billion dirhams after 1.2 billion dirhams a week earlier. On the central equity market, the average daily volume amounted to 229.5 million against 188.5 million dirhams.




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