Global Economy
Morocco Treasury Invests 1.9 Billion Dirhams in Short‑Term Cash Surplus Operations
On Tuesday, the Moroccan Direction of Treasury and External Finance (DTFE) placed a total of 1.9 billion dirhams of cash surplus into two short‑term instruments. The first tranche of 1.3 billion dirhams was a two‑day repo at a weighted average rate of 2.3%, while a second 600 million dirhams was invested in a plain money‑market operation at 2.25% for the same maturity.
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The Direction of Treasury and External Finance (DTFE) announced that on Tuesday it executed two short‑term placements totaling 1.9 billion dirhams of cash surplus.
Details of the placements
- Repo operation: 1.3 billion dirhams, two‑day maturity, weighted average interest rate of 2.3%.
- Plain money‑market operation: 600 million dirhams, two‑day maturity, interest rate of 2.25%.
Both transactions are part of the Treasury’s routine cash‑management strategy, ensuring that excess liquidity is efficiently invested while preserving short‑term flexibility.
Related market updates:
- June 10 – Forecasted cash needs for June range between 6 and 7 billion dirhams.
- June 4 – Treasury raised 1.5 billion dirhams in the bond auction of June 2.
- May 23 – International borrowing accelerated in intraday mode.
- May 21 – Projected cash requirement for May estimated at 9 to 10 billion dirhams.
Stay tuned for further updates from the DTFE and other financial news.