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Asharq Al-Awsat
Asharq Al-Awsat
Business
Rabat - Asharq Al-Awsat

Morocco’s Central Bank Caps its First Treasury Bond Purchases

A tourist buys locally-manufactured Argan oil from one of the stores in Moroccan Essaouira (AFP)

Morocco's central bank said on Thursday it planned to limit its first-ever liquidity-boosting purchase operations of treasury bonds to 25 billion dirhams ($2.5 billion), citing the dampening impact of market uncertainty over rate outlook on demand.

The central bank has so far injected 16.2 billion dirhams ($1.6 billion) through treasury bond purchases on Jan. 9 and Jan. 16.

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