The Treasury has a surplus of 31.3 billion dirhams

The Ministry of Finance and External Finance (DTFE) on Thursday launched five operations to invest cash surpluses totaling 31.3 billion dirhams (billion dirhams).

The first operation consists of a placement with reverse repurchase agreement over a period of 7 days, for an amount of MAD 32.5 billion at a weighted average interest rate of 3%, the DTFE announced in a press release.

The second placement, also with a four-day repurchase agreement, is for 4.7 billion dirhams at an interest rate of 2.82%, the same source added.

As for the third reverse repo placement, it concerns 1.9 billion dirhams subscribed in one day at a rate of 3%.

The fourth investment, also with reverse repo, corresponds to an amount of 1 billion dirhams over one day at a rate of 2.5%, while the fifth placement concerns an amount of 1.2 billion dirhams over 4 days at a rate of 2.7%.