Change: The dirham depreciates by 0.31% against the euro

Bank Al-Maghrib (BAM), said that during the period from 09 to 15 December 2021, the dirham depreciated by 0.48% against the US dollar and 0.31% against the euro.

In its last weekly bulletin, the Central Bank specifies that during this period, no offer was recorded within the framework of the currency auctions organized by BAM.

As of December 10, 2021, official reserve assets stood at 329.7 billion dirhams (billion dirhams), up 2.3% week-on-week and 13.3% year-on-year.

During the same period, BAM injected an amount of 30.3 billion dirhams in the form of 7-day advances following a call for tenders, 22.7 billion dirhams in the form of repurchase transactions, 25 billion dirhams within the framework of programs to support the financing of very small, small and medium-sized enterprises (TPME) and 100 million dirhams (MDH) for foreign exchange swap operations.

On the interbank market, the average daily volume of trade stood at MAD 4.7 billion and the interbank rate during this period was 1.50% on average, specifies the bulletin, noting that during the he call for tenders on December 15 (value date December 16), BAM injected an amount of MAD 35.4 billion in the form of 7-day advances.

On the stock market, the MASI recorded a rise of 0.3%, bringing its performance since the start of the year to 17.6%. This change reflects in particular the increases in the sector indices for “oil and gas” by 2.2%, “buildings and construction materials” by 2.1% and telecommunications by 0.6%. Conversely, those of the banking and agribusiness sectors fell by 0.6% and 0.4% respectively.

As for the overall volume of trade, it reached 986.2 MDH against 327.5 MDH a week earlier. On the central equity market, the average daily volume amounted to MAD 163.9 million after MAD 64.4 million.



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