Morocco’s Net International Reserves Up 7.9%
Bank Al-Maghrib
Rabat - Arab Today
Morocco’s net international reserves amounted to 251.5 billion dirhams until January 20, 2016, recording a 7.9 pc year-on-year increase, Bank Al-Maghrib said.
During the week of January 19-25, 2016, Bank Al-Maghrib injected 14.5 billion dirhams.
As for the interbank rate, it remained at 2.25%, while the average trading volume decreased from 4.3 billion dirhams to 4 billion dirhams, the central bank pointed out in its weekly indicators.
During the same period, the Dirham depreciated by 0.27% against the Euro and appreciated by 0.42% against the dollar.
Source :Morocco World News
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