Morocco's Official Reserve Assets Up 6.1%

Morocco's official reserve assets amounted to 304 billion dirhams until April 30, 2021, up by 6.1% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) has said.

During the week of April 29-May 5, 2021, Bank Al-Maghrib injected 74.7 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 remained almost stable against the US Dollar and appreciated by 0.5% against the Euro.

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