## Morocco's Treasury Locks Down $171 Million in Short-Term Investments

**Government Actions Drive Liquidity Management Strategy**

Morocco's Treasury Department executed short-term cash surplus operations totaling 1.7 billion dirhams ($171 million) on Friday, according to a statement from the Directorate of Treasury and External Finance (DTFE). This move is part of the government's ongoing efforts to manage its liquidity effectively.

The first repurchase agreement (repo), valued at MAD 1 billion, had a maturity period of three days and generated an interest rate of 1.76%. The second repo, worth […], further bolstered the Treasury's financial strategy.




## Morocco's Treasury Locks Down $171 Million in Short-Term Investments

**Government Actions Drive Liquidity Management Strategy**

Morocco's Treasury Departme

Morocco’s Treasury Places MAD 1.7 Billion in Short-Term Cash

Morocco’s Treasury Places MAD 1.7 Billion in Short-Term Cash Surplus Operations

## Morocco Invests MAD 13 Billion in Cash Surpluses

**Treasury Department Leverages Repo Agreements and Overnight Blank Operations**

Morocco's Treasury and External Finance Department (DTFE) strategically deployed MAD 13.05 billion in cash surpluses through five distinct investment operations on Thursday.  

**Repo Agreements Fuel Investment:** 

The DTFE utilized repo agreements, a short-term borrowing arrangement, for the majority of these investments:

* **MAD 6 Billion Over 5 Days at 2.1%:** The largest placement involved a repo agreement for MAD 6 billion with a maturity period of five days and an interest rate of 2.1%.
* **MAD 2 Billion Over 7 Days at 2.27%:** A separate repo agreement secured MAD 2 billion over a seven-day term, carrying a slightly higher interest rate of 2.27%.
* **MAD 2.6 Billion Over 5 Days at 1.91%:**  Another repo agreement with a five-day maturity fetched MAD 2.6 billion at an attractive 1.91% interest rate.

**Short-Term Borrowing for Efficient Cash Management:**

Rounding out the DTFE's investment strategy, they placed:

* **MAD 1.3 Billion Over 1 Day at 1.75%:** A one-day repo agreement secured MAD 1.3 billion with a modest interest rate of 1.75%.
* **MAD 1.15 Billion Overnight Blank Operation at 2.25%:**  Finally, an overnight blank operation mobilized MAD 1.15 billion at an interest rate of 2.25%.


These strategic investments highlight the DTFE's commitment to efficiently managing Morocco's cash surpluses while generating returns in a fluctuating economic landscape.


## Morocco Invests MAD 13 Billion in Cash Surpluses

**Treasury Department Leverages Repo Agreements and Overnight Blank Operations**

Morocco's Treasury and Ex

#Cash surplus

Morocco’s Treasury Places MAD 1.7 Billion in Short-Term Cash Surplus Operations

Morocco's Treasury places MAD 13.05 bln in cash surpluses