Rahul Gandhi's hands full of cha…

  New Delhi: Anticipated…

Land most sought asset of Salem …

  Chennai: Tamil Nadu Ch…

Tripura CM urges Bangladesh to o…

  Chottakhola (Tripura):…

Policeman trains gun at Kamal Na…

  Chhindwara (Madhya Pra…

SC imposes Rs 1 lakh cost on NGO…

  New Delhi: The Supreme…

Modi to visit Ockhi-hit fishing …

  Thiruvananthapuram: Af…

Rahul's impending takeover spark…

  New Delhi: Scores of R…

President offers prayers at Sang…

  Lucknow: On the second…

Recognise Jerusalem as Palestine…

  Hyderabad: MIM chief A…

Three years jail for Jharkhand e…

  New Delhi: A court her…

«
»
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Your email address will not be published.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

*