Bank Al-Maghrib has announced a decline in the exchange rate of the dirham during the period from January 1 to January 7, 2026, with a decrease of 0.4% against the euro and 0.8% against the US dollar, according to data included in its weekly bulletin on economic indicators.
The bank explained that no foreign exchange auction was conducted during this period, while official reserve assets continued their upward trend, reaching approximately 444.2 billion dirhams as of January 2, reflecting an increase of 0.3% compared to the previous week and 19% on a year-over-year basis.
Regarding Bank Al-Maghrib’s interventions in the monetary market, the average daily interventions amounted to 160.9 billion dirhams, distributed among seven-day advances worth 70.7 billion dirhams, long-term repurchase operations of around 51.4 billion dirhams, along with guaranteed loans totaling 38.5 billion dirhams.
In the interbank market, the average daily trading volume was approximately 5.2 billion dirhams, while the interbank rate stabilized at an average of 2.25%. During the auction held on January 7, which matures on January 8, Bank Al-Maghrib injected 53.8 billion dirhams in the form of seven-day advances.
In related news, the Casablanca Stock Exchange experienced positive performance, with the “Maroc Benchmark Index” rising by 3.2% during the period from January 2 to January 7, compared to its level at the end of December 2025. This increase is primarily attributed to improved performance in several sectors, including a 9% rise in the mining sector, a 3.8% increase in the transportation services sector, a 2.8% rise in the real estate and construction materials sector, along with a 1.8% increase in the banking sector.
Conversely, the weekly trading volume saw a significant decline, dropping from 11 billion dirhams to 2.9 billion dirhams from one week to the next, with most of these transactions occurring in the central stock market.
