Morocco
Moroccan Dirham Strengthens Against Euro and Dollar, Reserves Rise
The Moroccan currency gained value against the euro and the dollar during the week of July 20 to 26, 2023, according to figures released by Bank Al-Maghrib (BAM).
Topic
Bank Al-Maghrib
Morocco
Fitch Warns of Rising Non-Performing Loans in Moroccan Banking Sector
Moroccan banks are facing a deterioration in the quality of their loans, despite greater selectivity in their lending, warns the American rating agency Fitch Ratings.
Morocco
Moroccan Dirham Strengthens Against Dollar, Weakens vs Euro in Mid-July
The Moroccan dirham appreciated by 0.48% against the US dollar and depreciated by 1.56% against the euro, during the week from July 13 to 18 current, according to data published by Bank Al-Maghrib (BAM) .
Morocco
Moroccan Dirham Gains Ground Against Dollar and Euro in June
The Moroccan dirham strengthened in June, posting a 0.54% increase against the dollar and a 0.84% increase against the euro, according to data published by Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Weakens Against Euro and Dollar, Reserves Dip
The Moroccan currency depreciated by 1.54% against the euro and 0.27% against the US dollar, during the week from July 6 to 12, according to Bank Al-Maghrib (BAM).
Morocco
Morocco Negotiates with EU to Safeguard Vital Remittances from Expatriates
The Moroccan authorities will engage in negotiations with the European Commission regarding a European directive aimed at restricting the transfer of funds by Moroccans residing abroad (MREs), Abdellatif Jouahri, the governor of Bank Al Maghrib, recently announced.
Morocco
Moroccan Dirham Gains Against Dollar and Euro, Official Reserves at 348.3 Billion
The Moroccan currency appreciated by 0.7% against the US dollar and 1.21% against the euro during the week of June 22 to 28, according to data provided by Bank Al-Maghrib (BAM).
Morocco
Morocco's Real Estate Market Sees Slow Growth, Islamic Financing Surges
The volume of real estate loans reached 300.8 billion DH, an increase of 1.8% or 5.2 billion compared to the same period last year.
Morocco
Moroccan Dirham Strengthens Against Dollar, Holds Steady vs Euro
The dirham appreciated by 0.98% against the US dollar and remained almost stable against the euro during the week of June 15 to 21, according to Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Strengthens Against Dollar, Slips Versus Euro in Weekly Trading
The Moroccan currency appreciated by 0.69% against the US dollar and depreciated by 0.14% against the euro, during the week from June 8 to 14, according to data published by Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Gains Against Euro and Dollar as Foreign Reserves Rise
The Moroccan currency appreciated by 1.25% against the euro and 0.44% against the US dollar during the week of May 25 to 31, according to Bank Al-Maghrib (BAM).
Morocco
Morocco Launches Instant Interbank Transfers, Free for 3 Months
Bank Al-Maghrib, in collaboration with the Groupement pour un Système Interbancaire Marocain de Télécompensation (GSIMT), announced the implementation of instant interbank transfers starting this Thursday, June 1, 2023.