Morocco’s Central Bank Chief Urges Exchange Rate Reform to Boost Economic Resilience
1 July 2025
At the Moroccan Parliament, Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), discusses the importance of reforming the exchange rate regime.
Flexibility of the dirham
Morocco Advances Dirham Liberalization to Boost Economic Flexibility
3 April 2025
Initiated several years ago, the process of liberalizing the exchange rate regime in Morocco is progressing. The ultimate goal is to strengthen the flexibility of the dirham (…)
Morocco’s Central Bank Reports Success in Dirham Exchange Rate Flexibility
5 August 2024
In its 2023 annual report, Bank Al-Maghrib (BAM) said it was satisfied with the "good conditions" in which the flexibilization of the exchange rate regime is evolving.
Morocco Expands Dirham Flexibility in IMF-Backed Currency Reform
25 April 2024
Nadia Fettah, Minister of Economy and Finance, welcomes the ongoing reform of the Moroccan exchange rate regime, stating that an important step is being taken to improve the (…)
Morocco Maintains Current Dirham Exchange Rate Policy Amid Regional Currency Pressures
26 April 2023
Morocco does not intend to modify its currency exchange band for the time being, said Finance Minister Nadia Fettah Alaoui on Monday. Since 2018, the Kingdom has undertaken (…)
Google Currency Glitch Sparks False Alarm Over Moroccan Dirham Value
19 January 2023
Some conversion platforms on Google seemed to indicate on Wednesday a sharp depreciation of the dirham against the euro, sparking a wave of reactions on social media. This is (…)
Morocco’s Central Bank Governor Rejects IMF Push for Flexible Dirham Exchange Rate
22 December 2021
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 (…)
Moroccan Dirham Drops 1% Against Euro, Reserves Remain Stable
20 September 2020
The Moroccan currency depreciated by 1.02% against the Euro and remained almost stable against the dollar, during the period from September 10 to 16, 2020.
Moroccan Dirham Weakens Against Euro, Gains on Dollar Amid Reserve Growth
19 July 2020
Bank Al-Maghrib (BAM) indicates that from July 9 to 15, the dirham depreciated by 0.56% against the euro, while against the dollar, the Moroccan currency gained 0.81%.
Moroccan Black Market Currency Trading Surges Amid COVID-19 Economic Downturn
25 June 2020
The Covid-19 pandemic, which has brought some key sectors of the Moroccan economy to their knees, has fueled the trafficking of foreign currencies. It has recorded a (…)