Bank Al-Maghrib

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 (…)

Morocco to Launch Instant Bank Transfers by End of 2022, Central Bank Says

23 July 2022

Bank Al-Maghrib has announced the launch of instant bank transfer in Morocco by the end of the year.

Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar as Reserves Dip

18 July 2022

The Moroccan currency appreciated by 0.30% against the euro and depreciated by 0.98% against the US dollar, during the period from June 30 to July 06. This is what the (…)

Moroccan Dirham Strengthens Against Euro and Dollar, Official Reserves Rise

10 July 2022

The Moroccan currency appreciated by 2.66% against the euro and 0.65% against the US dollar, during the period from June 30 to July 06. This is what the indicators published by (…)

Moroccan Dirham Weakens Against Euro and Dollar, Central Bank Reports

4 July 2022

The Moroccan currency depreciated by 0.61% against the euro and 0.52% against the US dollar, during the period from June 23 to 29. This is what the indicators published by Bank (…)

Morocco’s Banking Sector Grows: 17.5 Million Residents Hold Bank Accounts

1 July 2022

At the end of 2021, 17.5 million people had at least one bank account in Morocco, according to the banking account statistics published by Bank Al-Maghrib (BAM).