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Morocco’s Net International Reserves Down 3.4%

Morocco’s net international reserves amounted to 227 billion dirhams until February 15, 2019, recording a 3.4% year-on-year decrease, Morocco’s central bank (Bank Al-Maghrib) said.

During the week of Feb. 14-20, Bank Al-Maghrib injected 72.5 billion dirhams.

As for the interbank rate, it has remained at 2.26%, the source added in a press release.

During the same period, the Dirham depreciated by 0.28% against the Euro and by 0.08% against the Dollar.

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