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Casablanca: Morocco’s Net International Reserves Amounted to MAD 222.3 Billion as of December 2015

2016/01/05

Morocco’s net international reserves amounted to MAD 222.3 billion until December 25, 2015, recording a 23.2 pc increase on an annual basis, Bank Al-Maghrib announced.

The central bank explained in its weekly indicators that the reserves recorded a 0.2 % weekly decrease.

During the period December 24-30, 2015, the central bank injected MAD 21.4 billion.

Over the course of this period, the interbank rate remained virtually unchanged at 2.52 and the average daily trading volume amounted to 8.4 billion dirhams against MAD 6.8 billion one week before.

During the week of December 24-30, 2015, the dirham depreciated by 0.13 pc against the euro and appreciated by 0.19 pc against the dollar.

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