Moroccan dirham strengthens against euro

The Moroccan dirham appreciated by 0.95% against the euro and by 0.15% against the US dollar in the second quarter of 2024, according to Al-Maghrib Bank(BAM).

Compared to the currencies of the main emerging countries, the national currency appreciated by 5.40% against the Brazilian real, by 4.72% against the Turkish lira, by 0.89% against the Chinese yuan and by 0.58% against the pound sterling, specifies the Moroccan central bank in its report on monetary policy, published at the end of the third quarterly meeting of its Council for the year 2024.