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Morocco's Official Reserve Assets Up 24.5%

02 Mar 2021

Rabat - Morocco's official reserve assets amounted to 308.2 billion dirhams until February 19, 2021, up by 24.5% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) has said.

During the week of Feb. 18-24, 2021, Bank Al-Maghrib injected 72.2 billion dirhams.

As for the interbank rate, it has remained at 1.5%, the source added in a release.

In the same period, the Dirham appreciated by 0.45% against the US Dollar and depreciated by 0.32% against the Euro.

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