Morocco’s Net International Reserves Up 6.3%

Rabat – Morocco’s net international reserves amounted to 241.4 billion dirhams until February 28, 2020, up by 6.3% compared to the same period in 2019, Morocco’s central bank (Bank Al-Maghrib) said.

During the week of 27 Feb-4 March, Bank Al-Maghrib injected 72.2 billion dirhams.

As for the interbank rate, it has remained at 2.25%, the source added in a release.

In the same period, the Dirham depreciated by 1.13% against the Euro and appreciated by 1.27% against the Dollar.

Source: Agency Morocaine De Presse