The dirham appreciated by 0.28% against the euro and 0.14% against the US dollar. This in the period between September and October, according to Bank Al-Maghrib (BAM).

The central bank notes in its review of the economic, monetary and financial situation of November 2020, that with regard to BAM's operations with banks, no auction session has been held since April 2018. of the interbank market, the volume of foreign exchange exchanges against the dirham stood at 30.9 billion dirhams (MMDH) last September, up by 2.4 billion dirhams compared to the same month of 2019.

With regard to bank transactions with customers, their volume in September was 24.9 billion dirhams for cash purchases and 10.1 billion dirhams for forward purchases, against respectively 23.5 billion dirhams and 7. 7 billion dirhams a year earlier.

As for sales, they involved an amount of 22.4 billion dirhams for cash transactions and 2.4 billion dirhams for those in the future. As for the net foreign exchange position of banks, it stood at 3.7 billion dirhams at the end of September, after 6.6 billion dirhams at the end of August 2020,