The dirham appreciated by 1.9% against the dollar and depreciated by 0.44% against the euro between March and April 2023, according to Bank Al-Maghrib ( BAM).
With regard to BAM’s foreign currency auction operations with banks, no session has been held since December 2021, specifies the Bank in its Monthly review of the economic, monetary and financial situation for the month of May.
At the level of the interbank market, the volume of exchanges of currencies against dirhams stood at 69.6 billion dirhams (MMDH) in March 2023, up by 22.5 billion dirhams from one year to the next. the same source.
With regard to bank transactions with customers, their volume stood at 33.5 billion dirhams for cash purchases and 22.9 billion dirhams for those in the long term, against respectively 34.2 billion dirhams and 28.4 billion dirhams. a year before.
As for sales, they concerned an amount of 37.5 billion dirhams for cash transactions and 4.1 billion dirhams for those in the long term, after 40.1 billion dirhams and 9.4 billion dirhams respectively.