1. Dirham appreciation

  • The Moroccan dirham appreciated by 0.9% against the euro and by 0.37% against the US dollar during this period.

2. Foreign exchange market

  • No foreign exchange auction operations were conducted in the market.

3. Official reserve assets

  • As of June 21, 2024, Morocco’s official reserve assets stood at 366.5 billion dirhams (MMDH), showing minimal week-on-week change but a 5.2% increase year-on-year.

4. Bank Al-Maghrib’s interventions

  • Bank Al-Maghrib’s daily average interventions amounted to 145.3 billion dirhams.

5. Liquidity injection

  • During the auction on June 26 (settlement date June 27), the Bank injected 52.9 billion dirhams in the form of 7-day advances.