Moroccan Household Debt Soars to 3.3 Billion Dirhams, Straining Family Finances

Installments, school and medical fees, rejection of a large number of bank transfers... Moroccan households are struggling with over-indebtedness. According to L’éonomiste, they have a debt of 3.3 billion dirhams since the beginning of 2018.

The shock is felt more in the rejection of a large number of bank transfers. As a result, households are left with the ineffectiveness of more than 5.7 billion dirhams in transfers out of a total of 16 billion.

This situation undermines the confidence index of Moroccan households with financial institutions.