Monday, 06 December 2021 03:15 GMT

Foreign currency reserves in Morocco fall by 14.6pct


(MENAFN) Net global reserves reached MAD205.9bn as of June 30, this year, a fall of 14.6 percent from the same period of 2016.

Furthermore, foreign currency reserves fell 0.8 percent, proclaimed Bank Al Maghrib, which published its weekly indicators of the week from June 29 to July 5, 2017.

Recently, the whole amount of BAM's interventions reached MAD68.3bn, 61.3bn of which was issued in the form of seven-day advances on invitation to tender.

Meanwhile, the Moroccan Central Bank carried out 24-hour advances with a whole amount of MAD696mn.

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