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Find all the economic and financial information on our Orishas Direct application to download on Play StoreDuring the period from April 1 to April 7, 2021, the dirham fell against the euro, the European currency.
The dirham depreciated by 0.50% against the euro and appreciated by 0.78% against the US dollar. According to the indicators published by Bank Al-Maghrib (BAM), during the same period, no auction operation was carried out on the foreign exchange market. The central bank specifies that as of April 2, 2021, the outstanding amount of official reserve assets stood at 305.5 billion dirhams (MMDH), down 0.4% from one week to another, and up 14.9% year-on-year.
BAM informs that it injected an amount of 79 billion dirhams, including 35.5 billion dirhams in the form of 7-day advances on calls for tenders and 15 billion dirhams in the form of repurchase agreements delivered during the same period. Similarly, 28.5 billion dirhams were injected as part of support programs for the financing of VSMEs.
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