Bank Al-Maghrib

Moroccan Dirham Weakens Against Euro, Gains on Dollar as Foreign Reserves Dip

2 May 2021

The dirham depreciated by 0.27% against the euro and appreciated by 0.25% against the US dollar, during the period from April 22 to 28, 2021. This is what the indicators (…)

Moroccan Dirham Weakens Against Euro, Stable vs Dollar as Reserves Grow

25 April 2021

Against the euro, the dirham fell by 0.33% between April 15 and 21, 2021. As for the US dollar, the dirham remained almost at the same level.

Morocco Launches National Check Verification System to Boost Business Confidence

18 April 2021

In order to improve the business climate, Bank Al-Maghrib (BAM) launched on Thursday the Centralized Irregular Checks Service (SCCI). The company Checkinfo will be responsible (…)

Moroccan Dirham Holds Steady Against Euro, Gains on US Dollar

17 April 2021

The dirham remained almost stable against the euro and appreciated by 0.58% against the US dollar, during the period from April 8 to 14, 2021. This is revealed by the (…)

Morocco’s Economy Shows Signs of Recovery Despite Drop in Expatriate Arrivals

14 April 2021

Bank Al-Maghrib is optimistic about Morocco’s economic situation. This emerges from its April economic situation note on the main figures of the Moroccan economy, including (…)

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

11 April 2021

The dirham depreciated by 0.50% against the euro and appreciated by 0.78% against the US dollar, during the period from April 1 to 7, 2021. This is indicated by the indicators (…)

IMF Study: SME Insolvencies Could Threaten Bank Capital Ratios

8 April 2021

Companies continue to suffer the impacts of the health crisis, with for each country, its support measures and results that have difficulty reassuring. According to a study by (…)

Moroccan Expats Rush to Close Bank Accounts Amid Tax Compliance Concerns

6 April 2021

Fearing sanctions for non-declaration of bank accounts they hold in Morocco in their countries of residence or host countries before September 2021, many Moroccans living (…)

Islamic Banking Surges in Morocco: Participatory Bank Financing Up 47.5% in February

5 April 2021

The financing rate granted by participatory banks recorded a strong increase of 47.5% year-on-year, with 14.36 billion dirhams (MMDH) in February 2021.

Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Late March

5 April 2021

The dirham appreciated by 0.26% against the euro and depreciated by 0.51% against the US dollar, during the period from March 25 to 31, 2021. This is indicated by the (…)