Bank Al-Maghrib

Moroccan Dirham Strengthens Against Euro, Official Reserves Rise to 318 Billion

3 October 2021

The dirham appreciated against the euro by 0.26% and depreciated by 0.42% against the US dollar, during the period from September 23 to 29, 2021. This is what the indicators (…)

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 (…)

Moroccan Dirham Gains Against Euro, Falls vs Dollar as Central Bank Boosts Reserves

27 September 2021

The Moroccan currency appreciated against the euro by 0.33% and depreciated by 0.51% against the US dollar, during the period from September 16 to 22, 2021. This is what the (…)

Morocco’s Aging Population Strains Pension System as Demographic Shift Accelerates

26 September 2021

In Morocco, people aged 60 and over represent 11.1% of the population. This accelerated aging poses major challenges for the kingdom, whose economy is struggling to create jobs (…)

Moroccan Dirham Holds Steady Against Euro and Dollar, Reserves Stable

20 September 2021

The dirham remained almost stable against the euro and the US dollar during the period from September 9 to 15, 2021. This is what the indicators published by Bank Al-Maghrib (…)

Morocco’s RNI Party Unveils 270 Billion Dirham Economic Plan Without New Taxes

17 September 2021

Winner of the September 2021 legislative elections, the RNI has estimated its electoral program at 270 billion dirhams for the next five years. Tax expert and former president (…)

Moroccan Dirham Holds Steady Against Euro and Dollar, Official Reserves at 312.4 Billion

12 September 2021

The Moroccan currency remained almost stable against the euro and the US dollar during the period from September 2 to 8, 2021. This is what the indicators published by Bank (…)

Moroccan Dirham Weakens Against Euro, Gains on Dollar Amid Reserve Boost

5 September 2021

The dirham appreciated by 0.4% against the US dollar and depreciated by 0.27% against the euro, during the period from August 26 to September 01. This is what the indicators (…)

Morocco’s Housing Loans Surge 6.7% as Real Estate Financing Trends Shift

1 September 2021

Real estate loans experienced a 3.6% increase at the end of July, reaching a total outstanding amount of 288.27 billion dirhams. As for loans to real estate developers, they (…)

Moroccan Expatriates Send Record $1.7 Billion Home in July, Boosting Economy

1 September 2021

Moroccans living abroad (MRE) transferred more than 16 billion dirhams in July, up 45.6% compared to the same period in 2020. This strong increase is surprising in its magnitude.