Morocco
The Moroccan dirham slightly declines against the euro
The Moroccan dirham appreciated by 0.5% against the US dollar and depreciated by 0.1% against the euro during the week of December 18 to 24, 2025, according to Bank Al-Maghrib (BAM).
Topic
Bank Al-Maghrib
Morocco
Dirham: why Bank Al-Maghrib is still braking before the big leap
Eight years after the start of the reform of the exchange rate regime, Bank Al-Maghrib is maintaining its course of action: no haste. While the dirham has been evolving within a fluctuation band since 2018, Governor Abdellatif Jouahri is preparing the ground for a new major step by 2026, while insisting on the need to protect small businesses from the risks of the market.
Morocco
Why cash remains the great king in Morocco
Cash remains king in Morocco, but digital is gaining ground thanks to government intervention. In its 2024 annual report on payment infrastructure, Bank Al-Maghrib (BAM) notes that the economy is still dominated by cash, while highlighting the spectacular rise of electronic wallets (M-Wallets), driven by the distribution of direct social assistance.
Morocco
Morocco reaches 431 billion in foreign exchange reserves, driven by record tourism
With a foreign exchange reserve reaching 431.24 billion dirhams at the end of October, Morocco has put an end to concerns about its external balances. This historic record, up 20% year-on-year, now anchors the financial solidity of the Kingdom on two structural drivers: tourism and foreign investment.
Morocco
The Moroccan dirham falls against the euro
The Moroccan dirham appreciated by 0.4% against the US dollar and depreciated by 0.4% against the euro during the week of November 27 to December 3, 2025, according to Bank Al-Maghrib (BAM).
Morocco
Automatic tax exchange delayed for Morocco
Morocco has been granted a new deadline to integrate the global financial transparency system . Classified in 2025 as a "relevant jurisdiction" by the OECD’s Global Forum on Tax Transparency, the Kingdom now has until 2028 to make the automatic exchange of information on financial accounts (AEOI) operational.
Morocco
Rabat, the locomotive of real estate: prices and sales soar in the 3rd quarter
The administrative capital stands out from the rest of the country due to the strength of its real estate market . While the national average remains more moderate, Rabat recorded the strongest price increase in the Kingdom in the third quarter of 2025, accompanied by a spectacular surge in the volume of transactions.
Morocco
A covert financial network handling billions dismantled in northern Morocco
A covert financial network handling tens of millions of dirhams has been dismantled in northern Morocco. The joint operation of customs and the Foreign Exchange Office resulted in the seizure of a massive sum in foreign currency, revealing alleged connections to drug trafficking and cryptocurrencies.
Morocco
Apartments, villas, land: the state of the real estate market in Casablanca
The real estate prices in Casablanca are experiencing a moderate increase, but commercial activity is booming. While the overall value of properties increased by 1.2% in the third quarter of 2025, the volume of transactions jumped by nearly a quarter over the same period, driven by a rush on apartments.
Morocco
Morocco: towards the end of cash?
Cash still reigns supreme in Morocco with 444 billion dirhams in circulation, but its growth is slowing for the first time in ten years. The tax amnesty and the rise of digital have initiated a discreet shift in the payment habits of Moroccans in 2024.
Morocco
Apartments and commercial premises: the drivers of real estate growth in Morocco
Real estate prices continue to rise in Morocco, but it is above all the volume of sales that is soaring. The latest barometer of the sector reveals intense activity in the third quarter of 2025, marking a lasting consolidation of the market after months of uncertainty.
Morocco
Moroccan dirham: slight decline against the dollar, stability confirmed against the euro
The Moroccan dirham depreciated by 0.1% against the US dollar and remained virtually stable against the euro during the week of November 20 to 26, 2025, according to Bank Al-Maghrib (BAM).