Morocco
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
The Moroccan dirham appreciated 0.36% against the euro and 0.41% against the dollar during the week of January 23 to 29, 2020.
Topic
Bank Al-Maghrib
Morocco
New Tax Rules Require Banks to Report Beneficial Owners to Authorities
The tax administration has set new obligations that apply to banks and insurance companies as part of the reporting of beneficial owners.
Morocco
Morocco's Cash Circulation Surges by 17 Billion Dirhams in 2019, Bank Al-Maghrib Reports
During the year 2019, the banking system recorded more cash outflows. According to the latest monetary statistics from Bank Al-Maghrib, 17 billion dirhams have swelled the outstanding amount of currency in circulation, which now stands at more than 250 billion dirhams.
Morocco
Morocco's Banks to Offer Sub-2% Loans Following Royal Directive
As part of the integrated program to support and finance businesses, a reduced interest rate will be applied by the banking sector, according to the joint press release from the Ministry of Economy and Finance and Bank Al-Maghrib.
Morocco
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar: Central Bank Report
The Moroccan currency appreciated by 0.18% against the euro and depreciated by 0.43% against the dollar during the period from January 16 to 22, 2020. This is what can be learned from the data published by Bank Al-Maghrib (BAM) .
Morocco
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
According to the indicators published by Bank Al-Maghrib , the dirham appreciated by 0.19% against the euro and 0.39% against the dollar during the period from January 9 to 15.
Morocco
Morocco's Mortgage Rates Climb to 5.69% Amid Banking Liquidity Shifts
Mortgage rates have risen by 35 basis points to 5.69%.
Morocco
Moroccan Dirham Strengthens Against Dollar, Weakens vs Euro in December
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 the monthly review of Bank Al-Maghrib (BAM) .
Morocco
Moroccan Dirham Strengthens Against Euro, Slips Versus Dollar in Early 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 remember from the data published by Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Late December
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
Morocco Launches MONIA: New Overnight Index to Boost Money Market Transparency
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 index, updated on a daily basis, was made by Bank Al-Maghrib on January 2nd.
Morocco
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar: Central Bank Report
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 dollar.