Dirham rises by 0.45 pc against US dollar- Central Bank

Rabat, November 30, 2012 (MAP)

The Moroccan currency, Dirham, rose, during the period from 22 to 28 November 2012, by 0.45 pc against the US dollar and devalued by 0.10 pc vis-à-vis the euro, according to Moroccan central Bank (Bank Al-Maghrib).

Net external assets of the Central Bank, for their part, stood at 132.5 billion dirhams, registering a decrease of 0.5 pc since the beginning of the month and down by 22.3 pc compared to the beginning of the year, according to the latest weekly indicators published on Friday by Bank Al-Maghrib.

The Central Bank said it had injected during the week ending November 28, around 74 billion dirhams.
The interest rate average on the interbank market fell to 3.10 pc down by 11 basis points, while the average volume of trade stood at around 1.6 billion dirhams.

With regard to trading activity, MASI rose by 0.2 pc, reducing its underperformance since the beginning of the year to 12.4 pc. Meanwhile, the average trading volume totaled 154 million dirhams instead of 238.8 million a week earlier.