The management of the Ministry of Finance and the external financing (DTFE) carried out two operations of the placement of surpluses in boarding for a total amount of 39.25 billion dirhams (MMDH) through an official press release.
The first placement of 38.1 MMDH was carried out over a period of seven days with a weighted average rate of 2.24%. This process aims to optimize the state cash management by the excess at short notice.
The second operation, which was also subscribed to over seven days, refers to an amount of 1.15 mmdh and was carried out at 1.85%. It is part of the same temporary placement strategy for the safe yield.
These investments illustrate the capacity of the DTFE in order to effectively manage the excess liquidity of the Ministry of Finance by mobilizing flexible market instruments that are adapted to the needs of the moment.
M.Ba.
