Morocco: Net International Reserves Down 6.4%

Morocco’s net international reserves amounted to 223.1 Billion MAD until 23 November, recording a 6.4% year-on-year decrease, Morocco’s central bank (Bank Al-Maghrib) said.

During the week of 22-28 November, Bank Al-Maghrib injected 75.3 Billion dirhams.

As for the interbank rate, it remained at 2.28%, the source added in a press release.

During the same period, the Dirham appreciated by 0.47% against the Euro and depreciated by 0.68% against the Dollar.