فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Fez, Morocco: The Bank of Morocco announced the appreciation of the Moroccan dirham against the US dollar and the euro during the period from 16 to 22 May 2024, by 1.09% and 0.9% respectively.
According to the Bank of Morocco’s weekly bulletin, during this period, no tender operations were conducted in the exchange market.
Foreign currency reserves:
FX reserves declined by 0.5% during the week to stand at MAD 371.9 billion, while they rose by 4.5% year-on-year.
Interventions:
BAM’s average daily interventions totalled MAD 114.5 million, split between 7-day repos worth MAD 30.1 million, long-term loans worth MAD 51.8 million, and guaranteed loans worth MAD 32.6 million.
Interbank market:
In the interbank market, the average daily turnover stood at MAD 2.2 billion, while the interbank rate stood at 3%.
Bank of Morocco’s market operations:
On 22 May, the Bank of Morocco injected MAD 26 million into the market in the form of 7-day repo bonds.
The stock exchange:
The MASI fell 0.2%, bringing its YTD performance to 10.7%.
The indices of the real estate, real estate investment companies, and distributors sectors declined by 6.6% and 3.5%, respectively, while the indices of the real estate, real estate investment companies, and distributors sectors rose by 6.6% and 3.5%, respectively.
On the other hand, the banking and mining sectors rose by 0.8% and 5.1%, respectively.
The weekly turnover amounted to MAD 7.6 billion, compared to MAD 2.5 billion during the previous week, of which MAD 5.7 billion was in the blockchain market.
About: Fez News
