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moroccan Dirham Shows Slight fluctuations, Stock Market experiences Dip in Mid-August 2025
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Rabat, Morocco - The Moroccan Dirham experienced modest movements against major currencies during the period of August 13-19, 2025, while the Casablanca Stock Exchange (CSE) saw a decline, according to recent data released by Bank Al-Maghrib (BAM).
Dirham Performance: A Mixed Bag
Between August 13th and 19th, the Dirham appreciated by 0.2% against the Euro, indicating a strengthening of the Moroccan currency relative to the Eurozone. Conversely, it experienced a slight decrease of 0.1% against the US Dollar. BAM reported no tenders were issued on the foreign exchange market during this timeframe.
As of August 15th, MoroccoS official foreign exchange reserves stood at 408.1 billion Moroccan Dirhams (DH). This represents a marginal decrease of 0.1% compared to the previous week, but a meaningful year-over-year increase of 12.2%.
Central Bank Intervention and Monetary market Activity
Bank Al-Maghrib actively intervened in the monetary market between August 14th and 20th, injecting an average of 144 billion DH daily. This intervention was distributed across various instruments: 67 billion DH in 7-day advances, 44 billion DH in long-term pensions, and 32.9 billion DH in guaranteed loans.
Activity on the interbank market averaged 4 billion DH daily, with an average interest rate of 2.25%. On August 22nd, BAM further bolstered liquidity by injecting 57.3 billion DH through 7-day advances.
Stock Market downturn: Key Sectors Affected
The Masi index, the primary benchmark for the CSE, fell by 1.2% between August 15th and 19th. Despite this recent dip, the index still maintains a robust year-to-date increase of 32.8%.
The decline was attributed to performance across several key sectors, including banking, construction, food processing, real estate, and mining. Trading volume decreased from 2.5 billion DH to 1.5 billion DH during the week, with 949 million DH traded on the Central Actions market and 509 million DH on the block market.
Understanding Morocco’s Economic Landscape
Morocco’s economy is increasingly diversified, with key sectors including tourism, agriculture, manufacturing, and increasingly, renewable energy. The Dirham is generally managed under a flexible exchange rate regime, allowing for market forces to play a significant role in its valuation.however, BAM actively intervenes to maintain financial stability and manage volatility. The CSE is a vital component of the Moroccan financial system, providing a platform for companies to raise capital and for investors to participate in the country’s economic growth.
Recent investments in infrastructure, especially in ports and transportation networks, are expected to further boost economic activity. morocco’s strategic location as a gateway to Africa and its growing trade relationships with the European Union and other global partners contribute to its economic resilience.
Frequently Asked Questions about the Moroccan Dirham and Stock Market
What factors influence the value of the moroccan Dirham?
The Dirham’s value is influenced
