The Moroccan Ministry of Finance initiates two investment operations for cash surpluses.
On Thursday, Morocco’s Ministry of Finance and External Finance (DTFE), under the Ministry of Economy and Finance, launched two excess cash investment operations, totaling 32.75 billion dirhams ($8.9 billion).
According to a DTFE press release received at APA, the first transaction concerned a repo investment, also known as repo, worth 32 billion dirhams (8.7 billion dollars), for a period of seven days at a weighted average interest rate of 2 .99%.
The second transaction, also a repo investment, amounted to 750 million dirhams ($204 million) and was subscribed for one day at a weighted average interest rate of 2.5%.
Consideration for the obligation, the pension life is a permanent contract for an investment institution or an enterprise d’échanger, for a period of time, the liquidities of the financial institutions, commencing the Finance Club, a specialized platform for finance. ‘company.
AC/APA
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