The Central Bank of Morocco has announced a 1.26% increase in the exchange rate of the Moroccan dirham against the US dollar and a 1.39% rise against the euro during the period from October 8 to October 14.
According to the central bank, the exchange rate for the US dollar reached 9.71 dirhams, while the euro stood at 10.92 dirhams. The bank confirmed that no auction operations occurred in the currency market during this timeframe.
The bank reported that official reserve assets totaled 53 billion dollars, reflecting a slight decrease of 0.1% compared to the previous week. However, this figure represents a significant annual increase of 22.6%.
Additionally, the average interventions by the Central Bank of Morocco in the money market amounted to 15.2 billion dollars. The average interbank interest rate remained stable at 2.25%.
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