Moroccos Net International Reserves Rise by 184 as of August

Rabat – Morocco’s net international reserves amounted to MAD 245.8 billion until August 19, 2016, recording a 18.4 % increase on an annual basis, Bank Al-Maghrib said.The reserves recorded a 0.2 pc weekly decrease, the central bank pointed out in its weekly indicators.During the week of August 18-24, 2016, the central bank injected MAD 21.5 billion. Over the course of this period, the interbank rate rose from 2.25% to 2.27 %, while the average daily exchanged volume fell from MAD 2.3 billion to MAD 2 billion.During the same period, the Dirham appreciated by 0.04 pc against the euro and depreciated by 0.06 pc against the dollar.With MAP

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