Rabat - The Ministry of Agriculture, Maritime Fishing, Sustainable Development and Water and Fishing announced June 19 its plan to “immediately” invest MAD 80 million into cacti to prevent them from being destroyed by cochineals. Under the Pillar II phase of the Green Morocco Plan, harsh measures will be put in place to protect the...0
Morocco’s Net International Reserves Rise by 24.9% as of July 15
Rabat - Morocco’s net international reserves amounted to MAD 242.7 billion until July 15, 2016, recording a 24.9 percent increase on an annual basis, Bank Al-Maghrib said.
During the week of July 14-20, 2016, the central bank injected MAD 26.44 billion.
Over the course of this period, the interbank rate rose to 2.3 percent.
During the same period, the dirham appreciated by 0.32 percent against the euro and depreciated by 0.5 percent against the dollar, the central bank pointed out in its weekly indicators.