Home Economy Morocco’s Net International Reserves Down 6.4%

Morocco’s Net International Reserves Down 6.4%

Bank Al Maghrib

Rabat –   Morocco’s net international reserves amounted to 231.3 billion dirhams until November 10, 2017, recording a 6.4% year-on-year decrease, Bank Al-Maghrib said.

The reserves recorded a 1.4% weekly rise, the central bank pointed out in its weekly indicators.

During the week of November 9-15, Bank Al-Maghrib injected 54.2 billion dirhams.

As for the interbank rate, it fell to 2.26%, while the average trading volume decreased from 4 billion dirhams to 3.3 billion dirhams, the source added.

During the same period, the Dirham depreciated by 0.8% against the Euro and appreciated by 1.3% against the Dollar.

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