The euro’s exchange rate fell against the Moroccan dirham on Wednesday (March 17th, 2021), the Central Bank of Morocco (CBM) data said.
The average euro price at the Central Bank of Morocco fell to 10.32 dirhams for purchase and 11.99 dirhams for sale.
The dollar in Morocco today climbed at 8.66 dirhams for purchase and 10.06 dirhams for sale.
The pound fell to AED 11.98 for purchase and AED 13.92 for sale.
Rial and dinar prices
According to the Moroccan Central Bank, the price of the Saudi riyal remained at 2.30 dirhams for purchase and 2.68 dirhams for sale.
The price of the Uae dirham was at AED 2.35 for purchase and AED 3.74 for sale.
The kuwaiti dinar rose to 28.68 dirhams for purchase and 33.33 dirhams for sale.
The Moroccan Exchange Office said the trade deficit shrank by 23.1% to 158.6 billion dirhams ($17.6 billion) in 2020.
Moroccan remittances abroad increased by 5% to 67.99 billion dirhams from 64.77 billion dirhams in 2019.
Morocco’s High Commission for Planning projected gdp growth of 0.5% year-on-year during the first quarter of 2021.
Morocco has a foreign exchange balance of about $33 billion, covering more than 7 months of imports of goods and services.