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Wednesday 27 Jan 2016 - 10:48 Makkah mean time-17-4-1437
Bank Al-Maghrib. Image from Morocco World News
Rabat, (IINA) - Morocco's net international reserves amounted to MAD 230 billion until January 15, recording a 25.7 percent increase on an annual basis, Morocco World News reported citing Bank Al-Maghrib.
The reserves recorded a 1.5 percent weekly increase, the central bank pointed out in its weekly indicators. During the week of January 14-20, the central bank injected MAD 18 billion.
Over the course of this period, the interbank rate fell to 2.52 percent, and the average exchanged volume amounted to MAD 3.2 billion against MAD 5.3 billion one week before. During the same period, the dirham appreciated by 0.31 percent against the euro and depreciated by 0.49 percent against the dollar.
SM/IINA
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