According to Bank Al-Maghrib (BAM), in its latest weekly indicators bulletin, no auction was carried out on the foreign exchange market. As of January 24, 2020, the stock of net international reserves stabilized, week on week, at 243.9 billion dirhams (MMDH), posting an annual increase of 6.4%.
Regarding interventions on the money market, Bank Al-Maghrib injected, during the week from 23 to 29 January 2020, an amount of 57.7 MMDH in the form of advances to 7 days on call for offers. Similarly, a fund amounting to 2.3 billion DH, was granted within the framework of the program to support the financing of the TPME and 3.8 served via an exchange swap operation with the total volume of interventions established. at 63.8 billion dirhams.
As for the interbank rate, it stood at 2.29% on average and the daily volume of exchanges at 3.1 MMDH, adds Bank Al-Maghrib which claims to have injected an amount of 67.1 MMDH in the form of advances 7 days during the January 29 call for tenders (value date January 30).
Central bank figures also show that the Masi (stock market index) fell 0.8% on the financial market, dropping its performance since the start of the year to 3%.
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