The Treasury places 3.25 billion dirhams in cash surpluses
Économie

The Treasury places 3.25 billion dirhams in cash surpluses

The Treasury places 3.25 billion dirhams in cash surpluses
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Hespress FRFriday, March 8, 2024 – 10:14 PM

The Ministry of Finance and External Finance (DTFE) on Friday launched two operations to invest cash surpluses, totaling 3.25 billion dirhams (billion dirhams).

This is a first placement with reverse repurchase agreement, for an amount of MAD 2.95 billion, subscribed over 3 days at the weighted average interest rate of 2.5%, the DTFE announced in a press release.

The second placement is for a total of 300 million dirhams (MDH) and will be subscribed over three days at a rate of 3%.

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