Home / Banking / Morocco: Net International Reserves Down 6.4%

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.

Check Also

Mobilize Duo will be produced at the Renault plant in Morocco

To celebrate the 10th anniversary of its Moroccan industrial site in Tangier, the Renault automotive …

Leave a Reply