Morocco Drafts Law to Regulate Cryptocurrency Use, Reversing Previous Ban
8 August 2022
Morocco is moving from banning the use of virtual currencies to regulating the use of cryptocurrencies. It is initiating a draft law in this direction.
Bank Al-Maghrib
Moroccan Dirham Weakens Against Euro, Foreign Reserves Rise
6 August 2022
The Moroccan currency depreciated by 0.26% against the euro and remained almost stable against the US dollar, during the period from July 28 to August 03. This is what the (…)
Moroccan Expat Remittances Hit Record $9.3 Billion, Boosting Economy Post-Pandemic
5 August 2022
The first return of Moroccans residing abroad (MRE) to Morocco after the Covid-19 pandemic is marked by a strong influx of foreign currency.
Morocco’s Trade Deficit Widens 15.5% in 2021 as Imports Outpace Export Growth
3 August 2022
Over the whole of 2021, Morocco’s trade exchanges experienced a significant rebound, marked by an increase in the trade deficit to 15.5%, according to Bank Al-Maghrib.
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.
Moroccan Expatriates Send Record $10 Billion in Remittances Amid Pandemic
2 August 2022
Transfers from Moroccans residing abroad (MRE) in 2021 increased by 37.5% compared to 2020, according to the annual report on the economic, monetary and financial situation of (…)
Moroccan Dirham Weakens Against Euro, Gains on US Dollar
31 July 2022
The Moroccan currency depreciated by 0.15% against the euro and appreciated by 0.53% against the US dollar, during the period from July 21 to 27. This is specified in the (…)
Bank Study Reveals: Low-Income and Older Moroccans Most Likely to Take Loans
27 July 2022
Bank Al-Maghrib analyzed the profile of Moroccans who resort the most to consumer and housing loans, based on the criteria of age, income, socio-professional category and place (…)
Morocco’s Bank Card Usage Surges 4.1% in 2021, Reaching 17.9 Million
26 July 2022
As of December 31, 2021, the cards issued by Moroccan banks reached 17.9 million cards, up 4.1% from a year earlier. More than half of the cards are used for cash withdrawal (…)
Moroccan Dirham Weakens Against Euro, Gains on Dollar as Foreign Reserves Rise
24 July 2022
The Moroccan currency depreciated by 1.14% against the euro and appreciated by 0.29% against the US dollar, during the period from July 14 to 20. This is what the indicators (…)