The dirham appreciates by 2.68% against the dollar between November and December 2022

The dirham appreciated by 2.68% against the dollar and depreciated by 1.18% against the euro, between November and December 2022, according to Bank Al-Maghrib ( BAM).

As for BAM’s foreign currency auction operations with banks, no session has been held since December 2021, indicates the Central Bank in its Monthly review of the economic, monetary and financial situation of January 2023.

At the level of the interbank market, the volume of exchanges of currencies against dirhams stood at 38.1 billion dirhams (MMDH) in December 2022, up by 9.2 billion dirhams from one year to the next. the same source. Regarding bank transactions with customers, their volume stood at 45.7 billion dirhams for cash purchases and 25.9 billion dirhams for those in the long term, against respectively 35.2 billion dirhams and 18.9 billion dirhams a year earlier. .

As for sales, they concerned an amount of 42.8 billion dirhams for cash transactions and 13 billion dirhams for those in the long term, after 43.4 billion dirhams and 12.7 billion dirhams respectively.

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