Morocco's Official Reserve Assets Up 24.7%

Morocco's official reserve assets amounted to 308.5 billion dirhams until February 26, 2021, up by 24.7% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) has said.

During the week of Feb. 25-March. 3, 2021, Bank Al-Maghrib injected 75.8 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 0.51% against the Euro and depreciated by 0.13% against the US Dollar.

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