Morocco's Treasury places MAD 2.8 bln in cash surpluses

The Treasury and External Finance Department (DTFE) on Wednesday launched two placements of surplus cash totaling 2.8 billion dirhams (MAD 2.8 billion). The first repo placement, amounting to MAD 1.8 billion, was subscribed for one day at a weighted average rate of 1.56%, the DTFE said in a statemen