Global Economy
Moroccan Treasury Deploys Dh30.9bn of Cash Surplus in Short‑Term Placements
On Thursday, Morocco’s Direction of Treasury and External Finance (DTFE) announced three short‑term placements totaling Dh30.9 billion to absorb its cash surplus. The operations, split between seven‑day and one‑day tenors, were booked at weighted average rates ranging from 1.59 % to 2.25 %. This move reflects routine liquidity management by the Treasury.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Morocco’s Direction of Treasury and External Finance (DTFE) launched three short‑term placement operations on Thursday, channeling a total cash surplus of Dh30.9 billion into the market.
Breakdown of the placements
- Placement 1: Dh28.5 billion placed with a pension (repurchase) agreement for a seven‑day tenor, yielding a weighted average rate of 2.24 %.
- Placement 2: Dh1.4 billion also under a pension agreement, but for a one‑day tenor, priced at 1.59 %.
- Placement 3: Dh1 billion placed “in the open market” for a single day, earning a rate of 2.25 %.
These placements are part of the Treasury’s routine liquidity management strategy, ensuring that excess cash is efficiently invested while providing short‑term funding to market participants.