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.
Abdellatif Jouahri
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 (…)
Morocco Aims to Exit FATF Gray List by Strengthening Anti-Money Laundering Measures
23 June 2022
Morocco is accelerating the process of correcting its national system to combat money laundering, in order to get out of the gray list of the Financial Action Task Force (FATF) (…)
Morocco’s Central Bank to Investigate Record Remittances from Diaspora
14 October 2021
Bank Al-Maghrib (BAM) will set up an ad hoc commission that will be responsible for providing explanations on the spectacular increase in transfers from the Moroccan diaspora (…)
Morocco’s Central Bank Signs Cooperation Agreement with Russian Counterpart
30 September 2021
Bank Al-Maghrib (BAM) has just signed a memorandum of understanding with the Bank of Russia (the Central Bank of the Russian Federation), in order to improve and strengthen the (…)
Morocco’s Economy Contracts 6.3% in 2020 Amid COVID-19 Crisis, Central Bank Reports
1 August 2021
The Governor of Bank Al-Maghrib, Abdellatif Jouahri, presented on Saturday to King Mohammed VI the annual report of the Central Bank on the economic, monetary and financial (…)
Bank of Morocco Governor Clarifies Account Reporting Rules for Overseas Moroccans
26 March 2021
Many Moroccans living abroad are worried following the publication of information according to which they are obliged to declare their bank accounts held in Morocco. The (…)
Moroccan Central Bank Governor Set to Retire After 17-Year Tenure
21 December 2020
Abdellatif Jouahri, Governor of Bank Al Maghrib, plans to take his leave in the coming months. The man, who will be celebrating his 81st birthday, will have spent 17 years at (…)
Morocco: Over 470,000 Households Receive Loan Deferrals Amid COVID-19 Crisis
25 November 2020
As of the end of September 2020, the number of beneficiaries of the deferral of the maturities of real estate and consumer loans for people impacted by the health crisis (…)