Morocco's Official Reserve Assets Up 24.2%

Morocco's official reserve assets amounted to 307.5 billion dirhams until March 12, 2021, up by 24.2% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) has said.

During the week of March 11-17, 2021, Bank Al-Maghrib injected 71.3 billion dirhams. As for the interbank rate, it has remained at 1.5%, the source added in a release.

In the same period, the Dirham appreciated by 0.14% against the Euro and by 0.20% against the US Dollar.

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