Moroccan dirham strengthens against the us dollar amid stable financial conditions

Saturday 28 - 11:00

The Moroccan currency has shown a modest appreciation against the US dollar, reflecting stable conditions in the country’s financial markets.

According to Bank Al-Maghrib, the dirham gained 0.5% against the dollar over a one-week period, while remaining broadly stable against the euro. This movement highlights a balanced exchange rate environment influenced by both domestic and international factors.

During the same period, Morocco’s official reserves stood at approximately 459.9 billion dirhams. Although slightly lower compared to the previous week, the reserves recorded a significant increase on a year-on-year basis, indicating improved external stability.

The central bank maintained active intervention in the financial system, with average daily liquidity injections reaching around 160 billion dirhams. These operations were primarily conducted through short-term instruments, including seven-day advances, repurchase agreements, and secured loans.

Meanwhile, the interbank market remained stable, with interest rates holding steady at 2.25%, suggesting continued confidence in the banking system.

On the equity side, the Casablanca Stock Exchange recorded a slight increase, as its main index, MASI, rose by 0.4%. The upward trend was driven mainly by gains in the agri-food, mining, and distribution sectors.

Overall, the data reflects a resilient financial environment in Morocco, supported by stable monetary policy and gradual economic improvement.