Bank Al-Maghrib (BAM) organized, on Monday, a call for tenders relating to a structural operation for the purchase of Treasury bills on the secondary market from counterparty banks for monetary policy operations, in accordance with the Decision of Mr. Wali No 80-W-20 and Circular Letter No LC-BKAM-2020-8 relating to monetary policy instruments.
This operation recorded an overall demand of 200 million dirhams (MDH), fully satisfied by Bank Al-Maghrib, said a statement from the Central Bank.
The average maturity of Treasury bills purchased by BAM was nearly 6 months and the average rate of return was 3.27%, the same source said. At the end of this call for tenders, the overall outstanding balance of structural operations of Bank Al-Maghrib stands at 16.4 billion dirhams (MMDH).
The next call for tenders will be organized on Monday, January 30, 2023, the press release concludes.