Bank Al-Maghrib (BAM) announced that the Dirham appreciated by 1.4% against the euro and by 0.6% against the American dollar, during the period from 02 to 08 January 2025. During this period, no auction transactions were carried out on the foreign exchange market, states BAM in its

As of January 3, 2025, official reserve assets stood at 373.2 billion MAD (BMDH), down 0.6% from one week to the next and up 4.9% year-on-year.

During this week, the volume of BAM interventions amounted to MAD 144.2 billion on a daily average. It is divided between 7-day advances for an amount of MAD 60.2 billion, as well as pensions delivered over a longer term and guaranteed loans for amounts of MAD 49.6 billion and MAD 34.3 billion respectively

On the interbank market, the average daily trade volume returned to MAD 2.6 billion and the interbank rate stood at 2.5% on average.

During the tender on January 8 (value date on January 9), the Bank injected an amount of MAD 53.4 billion in the form of 7-day advances.