Bank Al-Maghrib Reduces 7-Day Advances by 3.4 Billion Dirhams Amid Treasury Deposits Increase

In its latest report, the “Weekly Income Fixed” center highlighted that Bank Al-Maghrib’s 7-day advances dropped by approximately 3.4 billion dirhams, settling at 64.5 billion dirhams.

Conversely, the treasury’s deposits saw a significant increase, reaching a peak of 19.6 billion dirhams, up from 18.5 billion dirhams in the previous period.

Amid these developments, the weighted average interest rate remained stable at 2.75%, while the “MONIA” index, the daily reference monetary index, fell to 2.712%. This index is calculated based on repurchase agreements delivered with treasury bonds as collateral.

In response to these trends, Bank Al-Maghrib announced its intention to increase its market interventions in the near future, offering 7-day advances totaling 65.67 billion dirhams.

source: fesnews media

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