16.1 trillion dirhams in financial transfers within 10 months

Financial transfers in the country’s banking sector, which took place through the Central Bank system, recorded their highest level ever at the end of the first 10 months of last year 2024, with a value of about 16.1 trillion dirhams, of which 10 trillion and 161 billion dirhams were transfers between banks, and five trillion and 976 billion dirhams. Dirham between dealers.

Data issued by the Central Bank yesterday showed that the value of the checks that were cleared using their optical images through the Central Bank system amounted, at the end of last October, to 1.1 trillion dirhams for 18.7 million cheques, while withdrawals from the Central Bank amounted to 171.6 billion dirhams, offset by deposits. He has a value of 159.3 billion dirhams.

The Central Bank indicated that individual deposits in banks operating in the country recorded an increase of 77 billion dirhams during the first 10 months of 2024, bringing their total balance at the end of last October to 730 billion dirhams, compared to 653 billion dirhams at the end of 2023, a growth of 11.8%.

According to Central Bank data, individual deposits in banks constitute 26% of the total bank deposits, which amount to two trillion and 802 billion dirhams, at the end of the monitoring period.

Savings deposits also recorded 308 billion dirhams at the end of last October, compared to 273 billion dirhams at the end of December 2023, an increase of 35 billion dirhams and a growth of 12.8%.

The Central Bank stated that its balance of gold bullion, as one of the assets it owns, amounted to 24 billion and 464 million dirhams at the end of last October, compared to 18 billion and 147 million dirhams at the end of December 2023, an increase of 6.317 billion dirhams, equivalent to a growth of 34.8% during the first 10 months of the year. the past.

. 34.8% growth in the Central Bank’s stock of gold bullion to 24.4 billion dirhams.

. Financial transfers in the country’s banking sector recorded the highest level by the end of the first 10 months of 2024.