Moroccan Dirham Experiences Decline in Value
According to the latest report from Bank Al-Maghrib, the value of the Moroccan dirham has decreased by 0.9% against the US dollar and by 0.2% against the euro during the period from August 27 to September 2. This decline reflects the ongoing fluctuations in the currency market, which have been influenced by various economic factors. The central bank has noted that there were no currency tender operations conducted during this timeframe, which typically indicates a period of stability within the market.
Furthermore, the report highlights that the official reserve assets stood at 500.1 billion dirhams as of August 28, marking a 0.2% increase compared to the previous week and an impressive 21.8% rise year-on-year. This substantial growth in reserves is crucial for maintaining the country’s financial stability and supporting the dirham’s value.
In terms of Bank Al-Maghrib's interventions, the daily average during the same period was 154.9 billion dirhams, which included short-term advances of 59.5 billion dirhams, long-term repurchase operations totaling 48.5 billion dirhams, and secured loans amounting to 46.9 billion dirhams. The banking sector has also seen activity in interbank markets, with an average daily trading volume of 3.5 billion dirhams and an interbank interest rate of 2.25%.
On September 2, 2026, the central bank injected 55.7 billion dirhams into the market through 7-day advances, further demonstrating its commitment to ensuring liquidity within the financial system. The current trends in the Moroccan currency market will be closely monitored by economic analysts to assess their implications for both domestic and international economic conditions.
As reported by alyaoum24.com.
