Morocco forex reserves rise at end-December

Mubasher: Morocco’s foreign currency reserves amounted to MAD 224.6 billion by 31 December, 2015, a rise of 23.5% year-on-year, according to state-run news agency.

The country’s reserves rose by 1% week-on-week, said the central bank, of Bank Al-Maghrib.

During the period from 31 December, 2015 till 6 January, the central bank injected MAD 21.9 billion.

Mubasher Contribution Time: 11-Jan-2016 11:48 (GMT)