Between November and December 2022, the dirham rose by 2.68% towards the greenback.

In line with Financial institution Al-Maghrib (BAM), between November and December 2022, the dirham appreciated by 2.68% towards the greenback and depreciated by 1.18% towards the euro.

As for BAM’s forex auctions with banks, no assembly has been held since December 2021, the Central Financial institution signifies in its month-to-month evaluation of the financial, financial and monetary scenario for January 2023.

On the stage of the interbank market, the amount of forex exchanges in dirhams was 38.1 billion dirhams (MMDH) in December 2022, a rise of 9.2 billion dirhams from one yr to the subsequent.similar supply. As for banking transactions with clients, their quantity was 45.7 billion dirhams for money purchases and 25.9 billion dirhams for spot purchases, towards 35.2 billion dirhams and 18.9 billion dirhams respectively a yr earlier.

By way of gross sales, they have been AED 42.8 billion for money operations and AED 13 billion for long-term operations, after AED 43.4 billion and AED 12.7 billion respectively.