Foreign exchange market: The dirham appreciates against the euro
According to Bank Al-Maghrib (BAM), the dirham appreciated by 1.4% against the euro and 0.6% against the US dollar in the period from January 2 to 8, 2025. No auctions were held on the foreign exchange market during this period, BAM states in its weekly bulletin. As of January 3, 2025, official foreign reserves stood at DH373.2 billion, down 0.6% week-to-week and up 4.9% year-on-year.
