Dirham depreciates 0.29% against Dollar over July 12-18- Central Bank

Rabat, July 20, 2012 (MAP)

The Moroccan Dirham has depreciated 0.29% against the dollar over the July 12-18 period Morocco’s central bank, Bank Al-Maghrib said on Friday.

During the same period, the Dirham has appreciated 0.06% against the Euro, Bank Al Maghrib said in its weekly indicators.

The central bank’s net foreign assets dropped 0.7%, while the outstandings posted a year-on-year decrease of 19.8% to stand at 136.4 billion dirhams.