The dirham rises by 0.85% in opposition to the euro

The Financial institution of Morocco reported that the dirham trade charge rose by 0.85 % in opposition to the euro, and decreased by 0.46 % in opposition to the US greenback, between final March and April.

The financial institution defined, in its newest month-to-month bulletin on the financial, financial and monetary scenario, that concerning the tender operations in foreign currency echange of the Financial institution of Morocco, no session has been held since December 2021.

On the interbank market stage, the amount of international forex exchanges in opposition to the dirham reached 45.5 billion dirhams throughout April 2024, a lower of 20 % from 12 months to 12 months.

Concerning financial institution operations with prospects, their quantity reached 30.6 billion dirhams for money purchases and 16.4 billion dirhams for future purchases, in comparison with 32 billion dirhams and 15.6 billion dirhams, respectively, a 12 months in the past.

Gross sales amounted to 33.7 billion dirhams for money operations and a pair of.1 billion dirhams for futures operations, after 32.5 billion dirhams and three.7 billion dirhams, respectively.