Morocco's Net International Reserves Rise by 31.3 in April

(MENAFN- Morocco World News) Morocco's net international reserves amounted to MAD 239.9 billion until April 22 2016 recording a 31.3 percent increase on an annual basis Bank Al-Maghrib said.

The reserves recorded a 1.4 percent weekly decrease the central bank pointed out in its weekly indicators.

During the week of April 21-27 2016 the central bank injected MAD 6 billion.

Over the course of this period the interbank rate remained at 2.16 percent while the average daily exchanged volume fell to MAD 1.4 billion.

During the same period the dirham appreciated by 0.16 percent against the euro and depreciated by 0.27 percent against the dollar.