During the period from 09 to 15 March, the dinar depreciated by 0.43% against the euro and appreciated by 0.29% against the US dollar. This is what Bank Al-Maghrib (BAM) informs.

From March 09 to 15, no adjudication operation was not carried out on the foreign exchange market according to information contained in the recent BAM weekly newsletter. Indeed, official reserve assets stood at 360.4 billion dirhams (MMDH), up 8.2% from a week to March 10, 2023 and 7.3% year-on-year. The total amount of BAM interventions outstanding during the week was 60.2 billion dirhams, including 14.2 billion dirhams in the form of 7-day advances on a call for tenders, 23.4 billion dirhams in long-term pensions and 22.4 billion dirhams in long-term guaranteed loans and 100 million dirhams (MDH) in the form of foreign exchange swaps, reports MAP.

The average daily trading volume was 2.8 billion dirhams on the interbank market and the interbank rate averaged 2.50% during this period. On the central stock market, the average daily volume was 42.2 million dirhams after 54.7 million. The total volume of trade reached 521.8 million dirhams compared with 437.1 million a week earlier.