Morocco
Moroccan Expatriates Send Record $9.1 Billion Home in First Nine Months of 2024
Moroccans residing abroad (MREs) sent 91.52 billion dirhams (MMDH) to Morocco between January and September 2024.
Topic
Bank Al-Maghrib
Morocco
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Mid-October
The Moroccan dirham appreciated by 0.3% against the euro and depreciated by 0.34% against the US dollar during the period from October 10 to 16, 2024, according to Bank Al-Maghrib (BAM).
Sport
Moroccan Dirham Gains Against Dollar, Slips Versus Euro in August-September
The Moroccan dirham appreciated by 0.45% against the dollar and depreciated by 0.45% against the euro between August and September, according to Bank Al-Maghrib (BAM).
Morocco
Morocco Slashes Card Payment Fees for Merchants, Boosting Digital Economy
Following the directive issued by Bank Al-Maghrib (BAM) on September 25, 2024, which now caps the domestic interchange rate at 0.65%, the Interbank Monetary Center (CMI) has been forced to align itself.
Morocco
Moroccan Bank Cybercrime: $4.2 Million Stolen from Crédit du Maroc Accounts
Elements of the National Office for the Fight against Financial and Economic Crime, attached to the National Brigade of the Judicial Police, are investigating the hacking of several million dirhams from Crédit du Maroc accounts.
Morocco
Morocco's Central Bank Caps Card Payment Fees at 0.65% to Curb Excessive Charges
Bank Al-Maghrib has just put the brakes on the fees generated by card payments. The Moroccan central bank has decided to cap at 0.65% the commission charged on each transaction made with a bank card issued in Morocco.
Morocco
Moroccan Dirham Strengthens Against Euro and Dollar, Reserves at 364.4 Billion
The Moroccan dirham appreciated by 0.26% against the euro and 0.85% against the US dollar during the week of September 19 to 25, according to Bank Al-Maghrib (BAM).
Morocco
EU Banking Directive Threatens Remittances from Moroccan Expats
The European directive on foreign banks operating in the European Union (EU) is worrying Moroccan authorities and banks, who fear a drastic drop in transfers of Moroccans residing abroad (MRE) due to this measure. Negotiations are ongoing between Moroccan authorities and stakeholders in the EU for a harmonious application of the regulations.
Morocco
Moroccan Dirham Gains Strength Against Euro and Dollar in Q2 2024
The Moroccan dirham appreciated by 0.95% against the euro and 0.15% against the US dollar in the second quarter of 2024, according to Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Weakens Against Euro, Gains on Dollar in Mid-September
The Moroccan dirham appreciated by 0.23% against the US dollar and depreciated by 0.58% against the euro during the period from September 12 to 18, 2024, according to Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Gains Against Euro and Dollar as Foreign Reserves Rise
The Moroccan dirham appreciated by 0.3% against the euro and 0.1% against the US dollar during the period from September 5 to 11, 2024, according to Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Weakens Against Euro and Dollar, Central Bank Reports
The Moroccan dirham depreciated by 0.4% against the euro and 1.1% against the US dollar during the period from August 29 to September 4, 2024, according to Bank Al-Maghrib (BAM).