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Home » Economy » Morocco’s Net International Reserves Up 0.5%

Morocco’s Net International Reserves Up 0.5%

mwnbymwn
Oct, 08, 2018
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Morocco’s Net International Reserves Up 0.5%

Morocco's Net International Reserves Up 0.5%

Rabat – Morocco’s net international reserves amounted to MAD 224.6 billion in 2018 up to September 28, recording a 0.5 percent year-on-year increase.

The figures come from Morocco’s central bank, Bank Al-Maghrib.

During the week of September 26-October 3, Bank Al-Maghrib injected MAD 73.8 billion into the economy.

The interbank rate has reached 2.28 percent, the bank added in a press release.

During the same period, the dirham appreciated by 0.7 percent to the dollar and depreciated by 1 percent to the euro.

Tags: Bank Al Maghrib’s International ReservesMorocco Net International Reserves
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