Stocks Market
Moroccan Central Bank Reports 12% Reserve Growth, Reserves Reach 495.8 Billion Dirhams
Bank Al‑Maghrib's official reserves jumped to 495.8 billion dirhams as of June 26, marking a 12 % increase year‑to‑date and a 23.4 % rise over the last twelve months. The central bank also reported modest currency moves, a sizeable daily liquidity operation averaging 156.6 billion dirhams, and a rebound in inter‑bank trading volume to 1.7 billion dirhams.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Reserve growth – At the end of June 2026, Bank Al‑Maghrib’s official reserves rose to 495.8 billion dirhams, up 1 % week‑over‑week, 12 % since the start of the year and 23.4 % year‑on‑year, according to the central bank’s latest weekly bulletin.
Currency performance
During the week of 25 June to 1 July, the Moroccan dirham gained 0.1 % against the U.S. dollar while losing 0.4 % versus the euro. The central bank reported that no spot‑trading auctions were conducted in the foreign‑exchange market during that period.
Bank Al‑Maghrib’s liquidity operations
The average daily volume of the bank’s interventions amounted to 156.6 billion dirhams. This breaks down into:
- 7‑day advances: 61.6 billion dirhams
- Long‑term repo (pensions) deliveries: 49.6 billion dirhams
- Guaranteed loans: 45.4 billion dirhams
Inter‑bank market activity
Daily inter‑bank turnover returned to 1.7 billion dirhams, with the inter‑bank rate stabilising at 2.25 %.
Latest auction (1 July 2026)
For the auction dated 2 July, Bank Al‑Maghrib injected 53.5 billion dirhams through 7‑day advances.