Morocco
Moroccan Dirham Weakens Against Euro, Stable vs Dollar as Reserves Grow
Against the euro, the dirham fell by 0.33% between April 15 and 21, 2021. As for the US dollar, the dirham remained almost at the same level.
Topic
Bank Al-Maghrib
Morocco
Morocco Launches National Check Verification System to Boost Business Confidence
In order to improve the business climate, Bank Al-Maghrib (BAM) launched on Thursday the Centralized Irregular Checks Service (SCCI). The company Checkinfo will be responsible for its management.
Morocco
Moroccan Dirham Holds Steady Against Euro, Gains on US Dollar
The dirham remained almost stable against the euro and appreciated by 0.58% against the US dollar, during the period from April 8 to 14, 2021. This is revealed by the indicators published by Bank Al-Maghrib (BAM) .
Morocco
Morocco's Economy Shows Signs of Recovery Despite Drop in Expatriate Arrivals
Bank Al-Maghrib is optimistic about Morocco’s economic situation. This emerges from its April economic situation note on the main figures of the Moroccan economy, including Moroccans residing abroad.
Morocco
Moroccan Dirham Weakens Against Euro, Gains on Dollar Amid Reserve Changes
The dirham depreciated by 0.50% against the euro and appreciated by 0.78% against the US dollar, during the period from April 1 to 7, 2021. This is indicated by the indicators published by Bank Al-Maghrib (BAM) .
Morocco
IMF Study: SME Insolvencies Could Threaten Bank Capital Ratios
Companies continue to suffer the impacts of the health crisis, with for each country, its support measures and results that have difficulty reassuring. According to a study by the International Monetary Fund, the insolvency of SMEs could lead to a drop of more than 2 percentage points in the core capital ratios of banks this year.
Morocco
Moroccan Expats Rush to Close Bank Accounts Amid Tax Compliance Concerns
Fearing sanctions for non-declaration of bank accounts they hold in Morocco in their countries of residence or host countries before September 2021, many Moroccans living abroad (MRE) would have rushed to their banks to empty their accounts.
Morocco
Islamic Banking Surges in Morocco: Participatory Bank Financing Up 47.5% in February
The financing rate granted by participatory banks recorded a strong increase of 47.5% year-on-year, with 14.36 billion dirhams (MMDH) in February 2021.
Morocco
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Late March
The dirham appreciated by 0.26% against the euro and depreciated by 0.51% against the US dollar, during the period from March 25 to 31, 2021. This is indicated by the indicators published by Bank Al-Maghrib (BAM) .
Morocco
Moroccan Dirham Strengthens Against Euro, Holds Steady vs Dollar
The dirham appreciated by 0.56% against the euro and depreciated by 0.1% against the US dollar, during the period from March 18 to 24, 2021. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.
Morocco
Bank of Morocco Governor Clarifies Account Reporting Rules for Overseas Moroccans
Many Moroccans living abroad are worried following the publication of information according to which they are obliged to declare their bank accounts held in Morocco. The Governor of the Bank of Morocco tries to reassure and affirms that this is not the case, at least for the year 2021.
Morocco
Morocco Extends Check Amnesty Program Amid Ongoing Health Emergency
Scheduled to end on March 31, the amnesty on bounced checks has been postponed. A decree voted on Thursday, March 25, 2021 in the Council of Government has just extended it until the end of the state of health emergency.