Al-Maghrib Financial institution reported that the worth of the dirham fell 1.75% towards the greenback and 1.04% towards the euro between September and October 2022.

Based on Al-Maghrib Financial institution’s Month-to-month Financial, Financial and Monetary Standing Replace, there was no tender course of in FCC since December 2021.

The identical supply stated that on the banking market degree, the quantity of forex alternate towards dirhams reached 56.1 billion dirhams in October 2022, a rise of 43.8 billion dirhams in comparison with the identical interval a 12 months earlier.

When it comes to banking transactions with clients, they amounted to AED35.7 billion in money purchases and AED27.4 billion in deferred purchases, in comparison with AED28.5 billion and AED13.5 billion, respectively, a 12 months in the past.

When it comes to gross sales, they had been AED39.5 billion in money transactions and AED8.5 billion in future transactions, after AED28.3 billion and AED3.8 billion respectively. Thus, the web international alternate place of banks on the finish of October recorded a deficit of 1.4 billion dirhams, which corresponds to the extent of the earlier month.

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