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Dirham falls as stocks shrink, reserves rise
Morocco's financial performance indicators showed a decline in the national currency during the period from the beginning of October 2026. The dirham depreciated by 1.47% against the euro and 2.95% against the US dollar, with no exchange operations conducted in the official foreign exchange market. Despite this, Morocco's official foreign reserves grew by 1.8% weekly and 23% annually, reaching 515.7 billion dirhams, reflecting external assets that support monetary stability. In the stock market, the MASI index declined by 4.2% over the course of a week, with cumulative losses since the start of the year totaling 9.8%. This was driven by widespread selling waves and declines across most sectors. Meanwhile, the banking market remained stable, with an average interest rate of 2.25% and a daily trading volume of 3.4 billion dirhams.
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