Treasury invests MAD 29 bln in cash surpluses

The Treasury and External Finance Department (DTFE) launched, on Thursday, two cash surplus investment operations worth 29 billion dirhams.

The first investment, with a seven-day repo, concerns 26.7 billion dirhams at a weighted average rate of 2.31%, said the DTFE in a statement.

The second investment with repo of 2.3 billion dirhams is also subscribed on a seven days at a weighted average rate of 2.4%, the same source added.