Listed below are 5 key factors from Financial institution Al-Maghrib’s (BAM) weekly efficiency for the interval 15-21 December 2022:
1- the dirham depreciated by 0.10% towards the euro and by 0.47% towards the US greenback;
2- Public sale operations weren’t performed on the overseas trade market;
3- As of December 16, 2022, official reserve belongings had been 328.4 billion dirhams (MMDH), down 0.6% week-on-week;
4- The entire excellent quantity of BAM interventions is 103.9 billion dirhams, together with 56.3 billion dirhams within the type of 7-day advances underneath tender bulletins, 22.1 billion dirhams in excellent long-term repos and 25.5 billion long-term dirhams. assured loans;
5- Within the interbank market, the common day by day buying and selling quantity was 8.8 billion dirhams, and the interbank charge averaged 2.08%, making an allowance for the impact of the Financial institution’s resolution to extend the important thing charge by 50 foundation factors on December 20. .