INTERNATIONAL HIGHLIGHTS
The Dirham continues to depreciate against the Dollar this week at 9.29 by a weekly performance for the first week of 2022 of +0.06%.
For its part, the foreign exchange position of banks stabilized at -3.6 billion dirhams while liquidity spreads remained at their highest since the end of April 2021.
The latter stood at -4.1%, down - 10 PBS compared to the previous week.
The evolution of the MAD is explained by a positive basket effect of +0.16% concomitant with the rise of the Dollar internationally. This offset a negative market effect of -0.10% this week.
Caution is still required in the face of the very high volatility of the Dollar given the change of the Fed's monetary policy in 2022.
We recommend that importers hedge the dollar against the appreciation of the greenback over the next 3 months.
Read more.
