The central bank continued to raise its balance of gold bars as a safe asset, as the value of what it bought from them during the first four months of this year amounted to two billion and 333 million dirhams.
The «Central» in statistics released yesterday, that at the end of last April, its assets of the yellow metal amounted to six billion and 377 million dirhams, a growth of 57.7% compared to four billion and 44 million dirhams at the end of December 2019.
Statistics showed that the «Central» bought in April 2020 alone, worth 426 million dirhams of gold, indicating that the cumulative balance at the end of April amounted to six billion and 377 million dirhams compared to five billion and 951 million dirhams at the end of the previous March, a growth of 7.2%.
Gold is included among the various assets that the Central Bank owns, liquid funds, certificates of deposit, and securities held to maturity.