Morocco’s Central Bank Chief Urges Exchange Rate Reform to Boost Economic Resilience
1 July 2025
At the Moroccan Parliament, Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), discusses the importance of reforming the exchange rate regime.
Abdellatif Jouahri
Morocco Set to Legalize Cryptocurrencies, Reversing 7-Year Ban
26 November 2024
After seven years of total ban, Morocco is about to make a U-turn and legalize the use of cryptocurrencies. This change of course is being driven by Bank Al Maghrib (BAM). A (…)
Morocco to Loosen Dirham’s Ties to Euro and Dollar by 2026
28 October 2024
Morocco is seeking to reduce the dirham’s dependence on fluctuations in the euro and the dollar. In this sense, Bank Al-Maghrib (BAM) is preparing to implement an ambitious (…)
EU Banking Directive Threatens Remittances from Moroccan Expats
28 September 2024
The European directive on foreign banks operating in the European Union (EU) is worrying Moroccan authorities and banks, who fear a drastic drop in transfers of Moroccans (…)
Morocco Ends Gas Subsidy, Redirects Funds to Social Programs for Vulnerable Groups
27 June 2024
The government’s decision to remove the butane gas subsidy is timely and salutary in the sense that these financial resources will be used to strengthen direct aid to (…)
Morocco’s Central Bank Cautious on Further Dirham Flexibility Amid Economic Uncertainties
1 August 2023
Abdellatif Jouahri, Governor of Bank Al-Maghrib, conditions a new widening of the dirham’s fluctuation bands on the lifting of uncertainties concerning global and national (…)
Moroccan Central Bank Chief Urges Diplomatic Action as Europe Tightens Diaspora Fund Transfers
14 January 2023
Faced with the tightening of European authorities on transfers by Moroccans residing abroad (MREs), the wali of Bank Al-Maghrib (BAM), Abdellatif Jouahri, calls for a major (…)
Morocco’s Central Bank Governor Explains Recent Dirham Depreciation
28 September 2022
The Governor of Bank Al Maghrib (BAM), Abdellatif Jouahri, provided clarification on the depreciation of the dirham in recent months.
Morocco’s Central Bank Reports Drop in Counterfeit Currency, 7,300 Fake Bills Detected in 2021
2 August 2022
Just over 7,300 counterfeit bills were detected in Morocco in 2021, according to a report presented to King Mohammed VI by the Wali of Bank Al-Maghrib (BAM), Abdellatif Jouahri.
EU Considers Stricter Rules on Money Transfers from Moroccan Expats
24 June 2022
Morocco is gradually preparing to face any eventuality related to the threat of tightening the rules of transfers of Moroccans living abroad, brandished by certain European (…)