Morocco’s Mortgage Rates Climb to 5.69% Amid Banking Liquidity Shifts
16 January 2020
Mortgage rates have risen by 35 basis points to 5.69%.
Bank Al-Maghrib
Moroccan Dirham Strengthens Against Dollar, Weakens vs Euro in December
14 January 2020
The Moroccan currency appreciated by 0.30% against the dollar and depreciated by 0.22% against the euro during the month of December. This is the main point to remember from (…)
Moroccan Dirham Strengthens Against Euro, Slips Versus Dollar in Early 2020
12 January 2020
The Moroccan currency appreciated by 0.41% against the euro and depreciated by 0.21% against the dollar during the period from January 2 to 8, 2020. This is the main point to (…)
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Late December
7 January 2020
The Moroccan currency depreciated by 0.82% against the euro and appreciated by 0.51% against the dollar during the period from December 26 to 31, 2019.
Morocco Launches MONIA: New Overnight Index to Boost Money Market Transparency
3 January 2020
In replacement of the former REPO market reference rate, Morocco is now adopting the Moroccan Overnight Index Average (MONIA). The publication of this new monetary benchmark (…)
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar: Central Bank Report
30 December 2019
According to the indicators published by Bank Al-Maghrib (BAM), from December 19 to 25, the dirham appreciated by 0.27% against the euro and depreciated by 0.29% against the (…)
Moroccan Dirham Strengthens Against Dollar, Stable vs Euro in Mid-December
23 December 2019
The dirham has shown good health during the period from December 12 to 18, 2019, according to Bank Al-Maghrib (BAM). The Moroccan currency appreciated by 0.36% against the (…)
Moroccan Real Estate Scandal Leaves Banks with $8 Million in Doubtful Debts
20 December 2019
During a press conference, the Governor of Bank Al Maghrib, Abdellatif Jouahri, revealed the size of the bank debts contracted by those involved in the Bab Darna affair.
Morocco’s Central Bank Chief Urges Tax Amnesty for Undeclared Foreign Assets
20 December 2019
Abdellatif Jouahri, Governor of Bank Al-Maghrib (BAM), during a press conference, called on Moroccans holding undeclared assets or property abroad to regularize their situation.
Morocco’s Central Bank Chief Urges Investigation into Bab Darna Real Estate Scam
19 December 2019
Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), has just spoken out on the real estate scam known as "Bab Darna" and its repercussions on the Moroccan banking sector.