Morocco Begins COVID-19 Financial Aid Payments to Informal Sector Workers
4 April 2020
Starting April 6, Al Barid Bank will pay the financial aid to the beneficiaries of the household support program, decided by the Economic Monitoring Committee.
Bank Al-Maghrib
Moroccan Central Bank Addresses COVID-19 Concerns Over Currency Handling
3 April 2020
The fear of covid-19 contamination through banknotes is present among Moroccans. What is the Bank Al-Maghrib system to avoid probable contamination of its customers?
Morocco’s Central Bank Triples Refinancing Capacity to Boost Economy Amid COVID-19
31 March 2020
Bank Al-Maghrib has adopted new measures to support the economy and the banking system of the kingdom. The announcement was made last Sunday.
Moroccan Banks Face Cash Crunch as Pandemic Spurs Withdrawal Surge
26 March 2020
The coronavirus pandemic and the declared state of emergency have caused a rush of Moroccans to banks, resulting in massive cash withdrawals. Banks are striving to find a shock (…)
Morocco’s Central Bank Chief Outlines Economic Impact and Response to COVID-19 Crisis
24 March 2020
Abdellatif Jouahri, Wali of Bank Al-Maghrib, in an interview with Medias24, discussed the consequences of the Coronavirus on the economic sector of the kingdom, the support (…)
Moroccan Banks Ensure Services Amid Coronavirus Panic, Urge Digital Banking
21 March 2020
While customers are rushing to banks in this period marked by the spread of the coronavirus, the Professional Group of Banks of Morocco (GPBM) ensures the continuity of banking (…)
Moroccan Banks Unveil 3-Point Plan to Boost Economy Amid COVID-19 Crisis
20 March 2020
The banks have decided to support the Moroccan economy in an attempt to emerge from the Coronavirus crisis shaking the country. At a meeting held on Wednesday, March 18, they (…)
Moroccan Household Debt Soars to 31% of GDP, Driven by Real Estate Loans
17 March 2020
Moroccans’ debt continues to grow every year. Real estate is to blame.
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Latest Week
16 March 2020
The Moroccan currency depreciated by 0.80% against the euro, and appreciated by 0.82% against the dollar, during the period from March 5 to 11, according to Bank Al-Maghrib (BAM).
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar: Central Bank Report
8 March 2020
The Moroccan currency depreciated by 1.13% against the euro and appreciated by 1.27% against the dollar during the period from February 27 to March 4. This is according to data (…)