Morocco's hard currency reserves amount to $ 5.23 billion

Morocco's hard currency reserves amounted at the end of the five first months of the current year to $ 5.23 billion, compared to $ 4.4 billion during the same period last year, scoring an increase of 18.7 %. According to the exchange office figures, the reserves totaled 5.88 billion at the end of December 1999.

The amount can cover more than six months of imports, the exchange office said.