
Moroccan Expat Bank Deposits Surge to $20 Billion, Boosting National Economy
At the end of December 2021, bank deposits increased by 5.2% to over 1,061 billion DH, according to the latest monetary statistics published by Bank Al-Maghrib.

At the end of December 2021, bank deposits increased by 5.2% to over 1,061 billion DH, according to the latest monetary statistics published by Bank Al-Maghrib.

The Moroccan currency depreciated by 0.51% against the euro and 0.38% against the US dollar between December 2021 and January 2022, according to indicators published by Bank Al-Maghrib (BAM).

The Moroccan currency depreciated by 0.62% against the euro and appreciated by 0.47% against the US dollar, during the period from February 3 to 9, 2022. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.

Bank Al-Maghrib (BAM) and CDG Invest, the Investment Branch of the Caisse de Dépôt et de Gestion (CDG) Group, have signed a partnership agreement to promote the development of fintechs in Morocco.

The Moroccan currency depreciated by 0.42% against the US dollar and 0.68% against the euro during the period from January 27 to February 2, 2022, according to indicators published by Bank Al-Maghrib (BAM) .

The Moroccan currency remained almost stable against the euro and depreciated by 0.50% against the US dollar, during the period from January 20 to 26, 2022. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.

The Moroccan currency remained almost stable against the euro and depreciated by 0.21% against the US dollar, during the period from January 13 to 19, 2022. This is specified by the indicators published by Bank Al-Maghrib (BAM).

The Moroccan currency remained almost stable against the US dollar and depreciated by 0.36% against the euro, during the period from January 6 to 12, 2022. This is what the indicators published by Bank Al-Maghrib (BAM) specify.

The dirham appreciated by 0.14% against the US dollar and depreciated by 0.12% against the euro, during the period from December 30, 2021 to January 5, 2022. This is specified in the indicators published by Bank Al-Maghrib (BAM) .

Moroccans now have a list of 22 basic banking services, the cost of which is borne by their bank. This list was published on December 31 by Bank Al-Maghrib (BAM).

In Morocco, industrialists are betting on an increase in sales for the next three months. This is revealed by a business survey by Bank Al-Maghrib (BAM) for the month of November.

The Moroccan currency remained almost stable against the euro and the US dollar during the period from December 23 to 29, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) specify.