Here are five key points from Bank Al-Maghrib’s (BAM) weekly indicators for the period from February 10 to 16:
1. The dirham remained almost stable against the euro and depreciated by 0.49% against the US dollar;
2. No adjudication operation was carried out on the foreign exchange market; 3. As of February 11, official reserve assets stood at 329.5 billion dirhams (MMDH), virtually stagnating from one week to the next and up 5.3% year-on-year;
4. The overall outstanding amount of BAM’s interventions comes to 72.7 billion dirhams, including 30.4 billion dirhams in the form of 7-day advances on calls for tenders, 22.7 billion dirhams in the form of repurchase agreements and 19 .7 billion dirhams as part of support programs for the financing of very small, small and medium-sized enterprises (TPME);
5. On the interbank market, the average daily volume of trade stood at 4.7 billion dirhams and the interbank rate stood at 1.50% on average during this period.
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