UK banks to carry out immigratio…

London:  UK banks will ca…

India raises continued infiltrat…

New Delhi:  India told Pa…

Equities tumble on global cues, …

Mumbai:  Key Indian equit…

Legacy infrastructure holding ba…

New Delhi: The legacy net…

Economy booster package should l…

New Delhi: Former Reserve…

Himachal CM lays foundation ston…

  Shimla: With the Himac…

Jawaharlal Nehru Port Trust wins…

Mumbai: Jawaharlal Nehru …

Jaitley to hold brainstorming me…

  New Delhi: Finance Min…

Naidu, Manmohan to speak at lead…

  Hyderabad: Vice Presid…

“We are shrinking into a Hindu m…

  New Delhi: At a time w…

«
»
TwitterFacebookPinterestGoogle+

Morocco’s net international reserves rise by 13.5%

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Rabat :  Moroccos net international reserves amounted to MAD 250.2 billion (around $24 billion) until November 25, 2016, recording a 13.5 per cent increase on an annual basis, Al-Maghrib Bank said.

The reserves recorded a 0.1 per cent weekly increase, the central bank pointed out in its weekly indicators.

During the week of November 24-30, 2016, the Morocco central bank injected MAD 16.1 billion.

Over the course of this period, the interbank rate remained at 2.25 per cent, while the average daily exchanged volume increased from MAD 3 billion to MAD 3.9 billion.

During the same period, the dirham depreciated by 0.26 per cent against the euro and appreciated by 0.40 per cent against the US dollar.

 

IANS

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*