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Dirham falls against dollar and euro
The value of the dirham experienced a decrease against the US dollar by 0.9% and against the euro by 0.2% during the period from August 27 to September 2, according to Bank Al-Maghrib, which confirmed that no auction operations took place in the foreign exchange market during this period. Additionally, the country's official foreign exchange reserves reached 500.1 billion dirhams as of August 28, marking a 0.2% increase compared to the previous week and a 21.8% rise on an annual basis. As for Bank Al-Maghrib's intervention operations, the average daily amount was 154.9 billion dirhams, with the interbank interest rate remaining stable at 2.25%.
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