Morocco
The dirham falls further against the euro
The Moroccan currency depreciated by 0.50% against the US dollar and 1.24% against the euro during the period from August 24 to 30, according to data published by Bank Al-Maghrib (BAM) .
Topic
Bank Al-Maghrib
Morocco
Tangier Real Estate Market Sees Price Drop and Sales Slowdown in Q2 2023
In the second quarter of 2023, the real estate market in Tangier showed a general price decline of 0.7%, according to data recently published by Bank Al Maghrib and the National Agency for Land Conservation, Cadastre and Cartography.
Morocco
Moroccan Dirham Weakens Against Dollar and Euro, Official Reserves Rise
The Moroccan currency depreciated by 1.76% against the US dollar and 0.76% against the euro during the period from August 17 to 23, 2023, according to figures published by Bank Al-Maghrib (BAM).
Morocco
Moroccan Banks Grapple with Pricing Instant Transfers as Free Period Ends
Decreed in early June for three months, the free interbank instant transfer, an innovation of Bank Al-Maghrib and the Groupement for a Moroccan Interbank Telecompensation System, will soon come to an end. Meanwhile, banks are facing a dilemma.
Morocco
Marrakech Real Estate Prices Rise as Residential Sales Surge in Q2 2023
In the second quarter of 2023, the real estate market in Marrakech observed a general price increase of 0.7%, according to data just released by Bank Al Maghrib and the National Agency for Land Conservation, Cadastre and Cartography.
Morocco
Moroccan Dirham Weakens Against Dollar and Euro, Bank Al-Maghrib Reports
The Moroccan currency depreciated by 1.03% against the US dollar and 0.49% against the euro during the period from August 10 to 16, 2023, according to Bank Al-Maghrib (BAM).
Morocco
Rabat Real Estate Prices Drop 3.7% as Housing Market Shifts
Like many cities in Morocco, Rabat has experienced a significant drop in real estate prices. Let’s look at the figures in detail published by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC).
Morocco
Morocco's Real Estate Market Slumps: Transactions Down 12%, Prices Dip
In the second quarter of this year, the real estate sector in Morocco is showing signs of slowing down, with a sharp drop in transactions.
Morocco
Morocco's Real Estate Market Shows Promise as Inflation Eases and Mortgage Rates Stabilize
The decline in inflation and the stability of mortgage rates not only provide relief to buyers, but they also raise new hope for the real estate market.
Morocco
Moroccan Dirham Drops Against Dollar and Euro, Official Reserves Dip
The Moroccan dirham depreciated during the week of July 27 to August 02, losing 1.6% against the dollar and 0.66% against the euro, according to the weekly bulletin of Bank Al-Maghrib (BAM).
Morocco
Moroccan Central Bank Urged to Add Amazigh Language to Currency
The World Amazigh Assembly (AMA) is asking Bank Al-Maghrib to comply with the Constitution and the organic law on the officialization of Amazigh and to integrate this language on banknotes and coins.
Morocco
Morocco's Central Bank Cautious on Further Dirham Flexibility Amid Economic Uncertainties
Abdellatif Jouahri , Governor of Bank Al-Maghrib, conditions a new widening of the dirham’s fluctuation bands on the lifting of uncertainties concerning global and national economic prospects.