Morocco's forex reserves shrink by 1.8 pct in Oct.

Source: Xinhua| 2018-11-12 05:55:30|Editor: Mu Xuequan
Video PlayerClose

RABAT, Nov. 11 (Xinhua) -- Morocco's net international reserves amounted to 22.41 billion U.S. dollars by the end of October, down by 1.8 percent year on year, Morocco's Central Bank said Sunday.

Compared with the end of September this year, the reserves were down by 0.4 percent, said the statistics of the bank.

The reserves also remained less than 24.51 billion dollars in mid-January, when the country decided to adopt a more flexible exchange rate.

According to the central bank, the Moroccan dirham appreciated 1.13 percent against the U.S. dollar and depreciated 0.19 percent against the euro during the first week of November.

The dirham is pegged to a two-currency basket weighted 60 percent to the euro and 40 percent to the dollar.

The authorities said widening the dirham trading band is part of a broader plan to float the currency and make the economy more resilient against external shocks and help along its growth.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091375995891
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
中文字幕一区二区人妖 | 亚洲欧洲中文字幕乱码 | 免费国产精品自产拍 | 欧美中日韩国产精品卡通动漫一区二区 | 亚洲伦乱子亲农村在线视频 | 久久香蕉国产观看 |