Morocco’s net international reserves grew by 11%, says Bank al-Maghrib

Morocco's net international reserves amounted to 225.9 billion dirhams until July 20, 2018, recording a 11% year-on-year increase, Morocco's central bank (Bank al-Maghrib) said.

During the week of July 19-25, Bank Al-Maghrib injected 66.8 billion dirhams.

As for the interbank rate, it remained at 2.28%, while the average trading volume rose from 3.7 billion dirhams the week before to 4.7 billion dirhams, the source added.

During the same period, the Dirham appreciated by 0.47% against the Dollar and depreciated by 0.14% against the Euro.