Morocco’s Net International Reserves Rise by 17.7 % until September 30

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Morocco’s net international reserves amounted to MAD 251.7 billion until September 30, 2016, recording a 17.7 % increase on an annual basis, Bank Al-Maghrib said.

The reserves recorded a 0.3 % weekly increase, the central bank pointed out in its weekly indicators.

During the week of September 29-October 5, 2016, the central bank injected MAD 22.3 billion.

Over the course of this period, the interbank rose to 2.28 %, while the average daily exchanged volume increased from MAD 1.9 billion to MAD 3.8 billion.

During the same period, the Dirham remained stable against the euro and the dollar.

 

 

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