Moroccan banks in France: The green light from Europe that changes everything for Moroccans living abroad?

The Governor of Bank Al-Maghrib, Abdellatif Jouahri, welcomed this outcome at the first council meeting of the year. He confirmed that this continental validation allows national institutions to continue their activities and their "relay operations without major difficulties".

On Bladi.net: Will Europe block the transfers of Moroccans living abroad?

This resolution on French soil constitutes a strategic victory for the Kingdom. The monetary authorities consider this first green light as a decisive asset, the governor affirming with confidence that it "influences decisions at the level of other European countries".

In order to reproduce this model, a task force led by the Ministry of Foreign Affairs has immediately taken over the institutional relay. Diplomatic teams have already initiated in-depth contacts with the authorities of the Netherlands and Belgium.

The negotiation will continue next week with the opening of exchanges specifically targeting Italy and Spain. Germany, on the other hand, remains temporarily withdrawn from these negotiations, as Moroccan banking activity in this market is considered much less significant.

On Bladi.net: Agreement between Morocco and France on the transfers of Moroccans living abroad

The handling of this European file is taking place in a highly unstable global macroeconomic climate, exacerbated by hostilities in the Middle East. Faced with the uncertain repercussions on energy prices, the central bank has moreover decided to prudently maintain its key rate at 2.25%.