Moroccos Net International Reserves Rise by 254 as of June 3

Rabat – Morocco’s net international reserves amounted to MAD 243.6 billion until June 3, 2016, recording a 25.4 percent increase on an annual basis, Bank Al-Maghrib said.During the week of June 2-8, 2016, the central bank injected MAD 6 billion.Over the course of this period, the interbank rate was at 2.01 percent, the central bank pointed out in its weekly indicators. During the same period, the dirham depreciated by 0.69 percent against the euro and appreciated by 1.11 percent against the dollar.

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