Islamic Banking Struggles to Gain Traction in Morocco’s Financial Sector
17 February 2020
Islamic banks are showing a decline in performance after two years of operation. Few Moroccans are turning to Islamic finance.
Bank Al-Maghrib
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Latest Bank Al-Maghrib Report
17 February 2020
According to the indicators published by Bank Al-Maghrib, from February 6 to 12, 2020, the Moroccan dirham appreciated by 0.42% against the euro and depreciated by 0.5% against (…)
Moroccan Dirham Strengthens Against Euro and Dollar in January
10 February 2020
The Moroccan dirham appreciated by 0.24% against the euro, and by 0.14% against the dollar, during the month of January.
IMF Chief Georgieva to Visit Morocco for Economic Talks
5 February 2020
Kristalina Georgieva, the new Managing Director of the International Monetary Fund (IMF), is expected in Morocco as early as February 19 on economic development issues.
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
3 February 2020
The Moroccan dirham appreciated 0.36% against the euro and 0.41% against the dollar during the week of January 23 to 29, 2020.
New Tax Rules Require Banks to Report Beneficial Owners to Authorities
1 February 2020
The tax administration has set new obligations that apply to banks and insurance companies as part of the reporting of beneficial owners.
Morocco’s Cash Circulation Surges by 17 Billion Dirhams in 2019, Bank Al-Maghrib Reports
1 February 2020
During the year 2019, the banking system recorded more cash outflows. According to the latest monetary statistics from Bank Al-Maghrib, 17 billion dirhams have swelled the (…)
Morocco’s Banks to Offer Sub-2% Loans Following Royal Directive
30 January 2020
As part of the integrated program to support and finance businesses, a reduced interest rate will be applied by the banking sector, according to the joint press release from (…)
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar: Central Bank Report
27 January 2020
The Moroccan currency appreciated by 0.18% against the euro and depreciated by 0.43% against the dollar during the period from January 16 to 22, 2020. This is what can be (…)
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
20 January 2020
According to the indicators published by Bank Al-Maghrib, the dirham appreciated by 0.19% against the euro and 0.39% against the dollar during the period from January 9 to 15.