Attijari Global Research reported that the Kingdom of Morocco's official reserves are in the green

Marruecos ha incrementado un 8,1% su saldo activo

REUTERS/YOUSSEF BOUDLAL - The Central Bank of Morocco

Morocco recorded an 8.1 per cent increase in its asset balance over last year, standing at 333.4 billion dirhams in February. As reported by the news website bladi.net, "during this period, the average outstanding balance of reverse repo and Treasury Blank investments rose from 2.2 billion dirhams to 9.3 billion dirhams". These latest movements mark the downward pace in the investment of its cash surpluses, according to Attijari Global Research (AGR). 

According to the official website of Bank Al-Magrib (BAM), the MONIA index fell one point from last week to 1.42%. AGR also indicated that "BAM's interventions continue in the money market through its liquidity injections to maintain interbank rates at the Key Rate level". 

In this way, the BAM managed to meet the entire banking demand by reducing it by 1.8 billion dirhams, thanks to seven-day advances, according to the bladi.net publication. These advances managed to rise to 34.5 billion dirhams. While long-term transactions, namely repos and secured loans, remained stable, according to the same source. 

PHOTO/REUTERS  - Remittances from Morocco

The Kingdom of Morocco has experienced economic dynamism in recent years, which has had an impact on Moroccan currency reserves. A report published in 2021, on the evaluation of the government's action, affirmed the improvements in national currency reserves during the period 2002-2020, according to the July 2021 publication of the news website bladi.net. 

According to the same news item, this report highlighted "the national economic performance", which was reflected in the progress of the country's foreign trade. The same document highlights that "the development of industrialisation" resulted in an increase in "imports".