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Morocco’s currencies reserves rise to 226.5 billion

The dirham depreciated 0.92% against the euro and 0.28% vis-à-vis the dollar during the period from 13 to 19 December 2018, according to Bank Al-Maghrib (BAM).

During this period, no auction was conducted on the foreign exchange market, BAM said in a note on its weekly indicators for the week from 13 to 19 December 2018.

At December 14, net international reserves rose 0.6%, from one week to another, to 226.5 billion dirhams, said the source.

With regard to intervention in the money market, BAM has injected a total of MAD 68.3 billion, of which MAD 66 billion in the form of advances to 7 days by tender and MAD 2.3 billion granted under the program. support for the financing of the TPME.

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