
Moroccan Dirham Weakens Against Euro, Gains on Dollar in Weekly Forex Shift
On the foreign exchange market, the DH/EUR pair shows a weekly decline of 0.34% while DH/USD is up 0.43% last week.

On the foreign exchange market, the DH/EUR pair shows a weekly decline of 0.34% while DH/USD is up 0.43% last week.

The Moroccan currency remained almost stable against the US dollar and depreciated by 0.20% against the euro during the period from December 16 to 22, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.

Remittances made by Moroccans residing abroad (MREs) have continued their upward trend observed in recent months, and should reach 95 billion dirhams (MMDH) by the end of the year, according to Bank Al-Maghrib.

The Moroccan economy should record growth of 6.7% for the year 2021, before settling at 2.9% in 2022 and 3.4% in 2023.

The Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, is still against the liberalization of exchange rates. He does not approve of a new widening of the fluctuation bands, despite the latest recommendations from the IMF.

The Moroccan currency depreciated by 0.31% against the euro and appreciated by 0.48% against the US dollar, during the period from December 9 to 15, 2021. This is specified by the indicators published by Bank Al-Maghrib (BAM) .

Bank Al-Maghrib (BAM) has issued an alert against a fraudulent notification targeting certain customers who are being asked to collect a prize in the form of a check from its branches.

The Moroccan currency appreciated by 0.34% against the euro and remained almost stable against the US dollar, during the period from December 2 to 8, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) specify.

Defying some forecasts, Moroccan banks have shown resilience during the Covid-19 pandemic, thanks to the expertise of Bank Al-Maghrib (BAM).

The Moroccan currency appreciated by 0.27% against the euro and depreciated by 0.07% against the dollar, during the week of November 29 to December 3. This is what the indicators published by BMCE Capital Global Research (BKGR) specify.

Participatory financing for housing has seen a 49% increase at the end of October compared to the same period a year earlier, reaching 15.3 billion dirhams. But does this recovery in real estate loans indicate a recovery in the sector that has long remained in agony due to the health crisis?

The Moroccan currency appreciated by 0.38% against the US dollar and depreciated by 0.68% against the euro, during the period from November 25 to December 1, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) specify.