BAM’s weekly indicators in 4 key points

BAM’s weekly indicators in 4 key points

Rabat – Here are four key points of the weekly indicators of Bank Al-Maghrib (BAM) for the period from April 29 to May 05:

1. The dirham appreciated by 0.5% against the euro and remained virtually stable against the US dollar.

2. As of April 30, 2021, the stock of official reserve assets remained virtually stable from one week to the next at 304 billion dirhams (billion dirhams) and increased by 6.1% year-on-year.

3. The overall outstanding amount of Bank Al-Maghrib interventions stands at MAD 74.7 billion, of which MAD 30.6 billion in the form of 7-day advances on call for tenders, MAD 15 billion in the form of repo operations delivered and MAD 29.1 billion within the framework of the financing support programs of the TPME.

4. On the interbank market, the average daily volume of trade stood at 4.8 billion dirhams and the interbank rate during this period stood at 1.5% on average.

Last modification: 09 May 2021

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