Morocco Invests Billions in Cash Surpluses
The Moroccan government finds itself in a favorable financial position, boasting surplus funds that are not lying dormant. The Treasury and External Finance Department, a branch of the Ministry of Economy and Finance, took decisive action this week by channeling an impressive 20.75 billion Moroccan dirhams ($2.2 billion) into special repo market operations.
A substantial portion, 19 billion dirhams, was strategically invested at an average rate of 3.01% for an 8-day term. The remaining 1.75 billion dirhams yielded a 2.5% rate of return over a shorter 4-day period.
While government repo investments might not be the most exhilarating topic for many, this significant financial maneuver underscores the robust fiscal health of the Moroccan economy. Rather than allowing excess liquidity to languish, the government is actively deploying it to fund operations, potentially generating a modest profit in the process.
Morocco's adherence to pragmatic monetary policies and strategic investments has enabled the nation to sustain growth and stability, even amidst global turbulence. The recent infusion of cash serves as yet another testament to the effectiveness of the country's financial management, with national finances firing on all cylinders.
Lire aussi
Latest News
- Ayer 16:30 UK and France to present Ukraine peace plan to Donald Trump
- Ayer 16:00 Snowfall alert: Morocco braces for snow across key provinces
- Ayer 15:30 France implements “graduated response” in escalating Algeria tensions
- Ayer 15:00 Morocco assumes presidency of African Union’s peace and security council for March
- Ayer 14:20 New expedition rekindles hope in MH370 search with cutting-edge technology
- Ayer 13:41 Tens of thousands protest in Valencia over flood response failures
- Ayer 13:00 Tobacco black market fuels violence as illicit trade surges in Australia