BusinessMoroccoNews

Morocco’s Net International Reserves Down 5.2%

Morocco’s net international reserves amounted to 229 billion dirhams until January 9, 2019, recording a 5.2% year-on-year decrease, Morocco’s central bank (Bank Al-Maghrib) said.

During the week of January 10-16, Bank Al-Maghrib injected 70.5 billion dirhams.

As for the interbank rate, it has reached 2.29%, the source added in a press release.

During the same period, the Dirham depreciated by 0.09% against the Euro and by 0.57% against the Dollar.

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