Bank Al-Maghrib

Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Mid-October

20 October 2024

The Moroccan dirham appreciated by 0.3% against the euro and depreciated by 0.34% against the US dollar during the period from October 10 to 16, 2024, according to Bank (…)

Moroccan Dirham Gains Against Dollar, Slips Versus Euro in August-September

13 October 2024

The Moroccan dirham appreciated by 0.45% against the dollar and depreciated by 0.45% against the euro between August and September, according to Bank Al-Maghrib (BAM).

Morocco Slashes Card Payment Fees for Merchants, Boosting Digital Economy

13 October 2024

Following the directive issued by Bank Al-Maghrib (BAM) on September 25, 2024, which now caps the domestic interchange rate at 0.65%, the Interbank Monetary Center (CMI) has (…)

Moroccan Bank Cybercrime: $4.2 Million Stolen from Crédit du Maroc Accounts

10 October 2024

Elements of the National Office for the Fight against Financial and Economic Crime, attached to the National Brigade of the Judicial Police, are investigating the hacking of (…)

Morocco’s Central Bank Caps Card Payment Fees at 0.65% to Curb Excessive Charges

30 September 2024

Bank Al-Maghrib has just put the brakes on the fees generated by card payments. The Moroccan central bank has decided to cap at 0.65% the commission charged on each transaction (…)

Moroccan Dirham Strengthens Against Euro and Dollar, Reserves at 364.4 Billion

30 September 2024

The Moroccan dirham appreciated by 0.26% against the euro and 0.85% against the US dollar during the week of September 19 to 25, according to Bank Al-Maghrib (BAM).

EU Banking Directive Threatens Remittances from Moroccan Expats

28 September 2024

The European directive on foreign banks operating in the European Union (EU) is worrying Moroccan authorities and banks, who fear a drastic drop in transfers of Moroccans (…)

Moroccan Dirham Gains Strength Against Euro and Dollar in Q2 2024

26 September 2024

The Moroccan dirham appreciated by 0.95% against the euro and 0.15% against the US dollar in the second quarter of 2024, according to Bank Al-Maghrib(BAM).

Moroccan Dirham Weakens Against Euro, Gains on Dollar in Mid-September

22 September 2024

The Moroccan dirham appreciated by 0.23% against the US dollar and depreciated by 0.58% against the euro during the period from September 12 to 18, 2024, according to Bank (…)

Moroccan Dirham Gains Against Euro and Dollar as Foreign Reserves Rise

15 September 2024

The Moroccan dirham appreciated by 0.3% against the euro and 0.1% against the US dollar during the period from September 5 to 11, 2024, according to Bank Al-Maghrib (BAM).