Some banks, in an approach that goes against the protection of private data, require their clients to provide a list of their real estate assets. This new measure seems to have been dictated by Bank Al Maghrib .
The volume of issuance by Bank Al-Maghrib in 2018 far exceeds that of the destruction of banknotes in 2017, according to the Central Bank’s Report on Financial Market Infrastructures.
Payment by check is less and less used by Moroccans, according to a report just published by Bank Al-Maghrib.
Household debt has reached 3.3 billion dirhams since the beginning of 2018. And, for good reason...
A new liberating contribution will be applied from 2020. This contribution concerns individuals who have their tax domicile in Morocco and hold liquid assets in a bank in the country, which are derived from a professional, agricultural or undeclared profit activity before January 1, 2020.
In his traditional speech before the members of the two Houses of Parliament, King Mohammed VI on Friday recommended that banks simplify and facilitate credit access procedures, open up more to self-entrepreneurs and finance Small and Medium Enterprises (SMEs).
Faced with the determination of counterfeiters to overcome all the measures taken to thwart their acts of counterfeiting , Moroccan banks and the sole printer for the State and the private sector are taking the bull by the horns and calling on the public to be more vigilant so as not to fall into the trap of these dishonest people.
The outstanding amounts of halal bank financing showed an increase at the end of July compared to the previous month, with an amount of 7.21 billion dirhams against 6.83 billion.
During the Mpay forum, held in Casablanca on June 12, 2019, which brought together more than 200 local and international mobile payment operators, the global operator announced the launch of its "Mobile money" service, which will be a reality in the coming days.
The Moroccan currency appreciated by 0.23% against the euro and 0.10% against the dollar during the period from August 22 to 28, 2019. This is the main point to remember from the data published by Bank Al-Maghrib (BAM).
Mobile payment is gradually becoming more democratic and allows you to pay for your purchases with your smartphone. Moroccan banks are very optimistic and expect the service to explode in the next five years.
Bank Al-Maghrib (BAM) has taken the necessary measures to ensure full coverage of banks’ cash needs, in this month of August, marked by public holidays.