Morocco
Morocco Reports Sharp Decline in Counterfeit Currency, Central Bank Says
Bank Al-Maghrib announces a 34% decline in counterfeit banknotes. 6,335 banknotes were seized last year in Morocco.
Topic
Bank Al-Maghrib
Morocco
Morocco's Economy Contracts 6.3% in 2020 Amid COVID-19 Crisis, Central Bank Reports
The Governor of Bank Al-Maghrib, Abdellatif Jouahri , presented on Saturday to King Mohammed VI the annual report of the Central Bank on the economic, monetary and financial situation of the kingdom for the year 2020. The year 2020 was mainly disrupted by the health crisis related to Covid-19.
Morocco
Moroccan Participatory Banks See 49% Surge in Deposits, Expats Hold 3.2% Share
In 2020, sight deposits recorded by the participatory banking sector in Morocco reached an outstanding amount of 3.8 billion dirhams (MMDH), an increase of 49% compared to the previous year.
Morocco
Moroccan Dirham Weakens Against Euro, Gains on Dollar in Latest Bank Al-Maghrib Report
The dirham appreciated by 0.20% against the US dollar and depreciated by 0.13% against the euro during the period from July 23 to 28, 2021. This is specified in the indicators published by Bank Al-Maghrib (BAM) .
Morocco
Morocco's Bank Credit Growth Accelerates to 4.1% in June, Boosting Private Sector Lending
Bank credit in Morocco showed growth of 4.1% during the month of June. A pace accelerating compared to the trend observed a month earlier (+2.9%).
Morocco
Moroccan Dirham Holds Steady Against Euro and Dollar, Reserves at 301.1 Billion
The Moroccan currency is almost stable against the euro and the US dollar. This is what the indicators published by Bank Al-Maghrib (BAM) during the period from July 15 to 20, 2021 indicate.
Morocco
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in June
The dirham appreciated by 0.68% against the euro and depreciated by 0.19% against the US dollar between May and June 2021. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.
Morocco
Moroccan Dirham Gains Against Euro, Official Reserves Hold Steady
The dirham appreciated by 0.20% against the euro and depreciated by 0.34% against the US dollar during the period from July 1 to 07, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.
Morocco
Moroccan Dirham Gains Against Euro, Slips Versus Dollar in Late June
The dirham appreciated by 0.24% against the euro and depreciated by 0.25% against the US dollar, during the period from June 24 to 30, 2021. This is specified in the indicators published by Bank Al-Maghrib (BAM).
Morocco
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in June
The Moroccan currency appreciated by 0.65% against the euro and depreciated by 0.79% against the US dollar during the period from June 17 to 23, 2021. This is indicated by the indicators published by Bank Al-Maghrib (BAM) .
Morocco
Morocco Expects 7.6% Surge in Overseas Remittances, Reaching 73 Billion Dirhams in 2021
In line with the expected rebound in economic growth in 2021 and 2022, remittances from Moroccans living abroad (MRE) to Morocco are expected to increase by 7.6%, reaching 73 billion dirhams in 2021 and an increase of 2.8% to reach 75.4 billion in 2022.
Morocco
Morocco's Economy Poised for 5.3% Growth in 2021, Central Bank Forecasts
Bank Al Maghrib (BAM) is forecasting economic growth of 5.3%. However, this forecast is surrounded by a high level of uncertainty due to the new variant of the virus and disparities on the epidemiological map worldwide.