Weekly Indicators from Bank of Morocco Show Increase in Reserves and Decline of the Dirham Against the Dollar

Weekly Indicators from Bank of Morocco Show Increase in Reserves and Decline of the Dirham Against the Dollar

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Weekly Indicators from Bank of Morocco Show Reserve Increase and Dirham Decline Against Dollar

The weekly indicators from Bank of Morocco, covering the period from December 25 to December 31, 2025, recorded mixed movements in the exchange rate of the dirham and an increase in the level of official reserves, alongside continued interventions by the bank in the monetary market.

Bank of Morocco reported that the dirham rose by 0.3% against the euro, while it decreased by 0.1% against the US dollar during the same period, with no auction operations conducted in the foreign exchange market.

As of December 26, the official reserves reached a total of 442.9 billion dirhams, marking a rise of 1.1% compared to the previous week and an 18% increase year-on-year.

Regarding central bank interventions, the average daily volume amounted to 159.5 billion dirhams, primarily involving liquidity injections for the market.

During the auction on December 31, with its settlement date on January 2, 2026, Bank of Morocco injected a sum of 71 billion dirhams in the form of seven-day advances.

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