The Directorate of Treasury and External Finance announced the launch of three short‑term financing operations to manage the Treasury surplus, totaling 3.6 billion Moroccan dirhams. According to the Directorate’s statement: The first operation, a repurchase agreement, involves 2 billion dirhams for a one‑day period at a weighted average interest rate of 1.92 percent. The second operation, also a repurchase agreement, covers 800 million dirhams for a one‑day period at an interest rate of 2.25 percent. * The third operation, conducted on the spot market, involves 800 million dirhams for a one‑day period at an interest rate of 2.25 percent. These measures are part of the Treasury’s strategy to manage liquidity and optimize the use of surplus funds.