
Morocco's Economy Set to Grow 5.3% in 2021, Boosted by Agricultural Rebound
The Moroccan economy is expected to grow by 5.3% this year before settling at 3.2% the following year, according to data just published by Bank Al-Maghrib (BAM) .

The Moroccan economy is expected to grow by 5.3% this year before settling at 3.2% the following year, according to data just published by Bank Al-Maghrib (BAM) .

Remittances from Moroccans Residing Abroad (MREs) are expected to increase in 2021 to reach 71.9 billion dirhams (MMDH), according to Bank Al-Maghrib (BAM).

The dirham appreciated by 0.14% against the euro and 0.20% against the US dollar, during the period from March 11 to 17, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.

The dirham appreciated by 0.41% against the euro and depreciated by 1.17% against the US dollar during the period from March 4 to 10, 2021. This is according to the indicators published by Bank Al-Maghrib (BAM) .

The dirham appreciated by 0.51% against the euro and depreciated by 0.13% against the US dollar, during the period from February 25 to March 03. This is what the indicators published by Bank Al-Maghrib (BAM) specify.

The dirham appreciated by 0.45% against the US dollar and depreciated by 0.32% against the euro during the period from February 18 to 24, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) show.

Bank Al-Maghrib (BAM) is considering creating an e-dirham. Meanwhile, Morocco has set up an institutional framework dedicated to the theme of Central Bank Digital Currency (CBDC).

The real estate asset price index (IPAI) continues to rise in the fourth quarter of 2020, after depreciating in the first and second quarters of 2020. In Q4 2020, the IPAI rose by 0.6%, following 4.1% in Q3 2020, says Bank Al-Maghrib.

Bank Al-Maghrib (BAM) has posted a promotional video on YouTube to promote mobile payment and money transfer operations (Maroc Pay).

The dirham depreciated by 0.22% against the euro and appreciated by 0.66% against the dollar during the period from February 4 to 10, 2021. This is specified in the indicators published by Bank Al-Maghrib (BAM) .

The dirham appreciated by 0.56% against the euro and depreciated by 0.28% against the US dollar during the period from January 28 to February 3, according to a note from Bank Al-Maghrib (BAM).

In its latest banking system dashboard, Bank Al-Maghrib (BAM) indicates that the banking rate stood at 78% in June 2020, compared to 79% in December 2019.