Par ailleurs, The Dirham appreciated by 0.73% against the American dollar and depreciated by 0.23% against the euro during the week from 15 to 21 August 2024. According to Bank Al-Maghrib (BAM), as of 16 August, official reserve assets stood at 363.6 billion dirhams, down 0.3% from one week to the next and up 3.4%

Sterling hit its highest level in two years against the dollar on Tuesday, and also rose against the euro, supported by bets from the Bank of England that will cut rates less radically than the Federal Reserve, while the British economy surpasses that of the Eurozone. The pound rose to $1.3246, its highest level since March 2022, and gained 0.25% to $1.3222. The pound also gained ground on the euro, with the common currency losing 0.27% to 84.45 pence, its lowest level since 1 August