The dirham depreciated by 0.25% against the euro and appreciated by 5.88% against the dollar in the 3rd quarter of 2020, according to data published by Bank Al-Maghrib (BAM) .
Remittances from Moroccans living abroad (MRE) will rebound, says Bank Al-Maghrib (BAM). They will increase from 65.8 billion dirhams (MMDH) in 2020 to 70 billion dirhams (MMDH) in 2021, and to 71.4 MMDH in 2022.
The dirham remained almost stable against the euro and appreciated by 0.6% against the US dollar, during the period from December 3 to 9. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.
The dirham depreciated by 0.72% against the euro and appreciated by 0.65% against the US dollar, during the period from November 26 to December 2, 2020. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.
The Moroccan banking system recorded, at the end of September, 80 billion DH in unpaid loans, or 8.5% of the outstanding bank loans. However, some banks have stated that these figures are rather positive compared to the beginning of the health crisis.
The dirham appreciated by 0.36% against the US dollar and depreciated by 0.15% against the euro, during the period from November 20 to 25, 2020. This is indicated by the indicators published by Bank Al-Maghrib (BAM) .
As of the end of September 2020, the number of beneficiaries of the deferral of the maturities of real estate and consumer loans for people impacted by the health crisis related to Covid-19 , put in place on March 19 by the Economic Monitoring Committee, reached 471,742 households in the Kingdom. At the same time, 32,248 requests from companies were validated by the banking sector.
The dirham appreciated by 0.59% against the US dollar and depreciated by 0.22% against the euro, during the period from November 12 to 17, 2020. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.
After recording a decline over the last two quarters due to the health crisis, the index of real estate transaction prices is rising again. Data published by Bank Al-Maghrib (BAM) and the National Agency for Land Conservation, Cadastre and Cartography (ANCFCC) show a 3.6% year-on-year increase.
New recommendations from Bank Al-Maghrib (BAM) are expected at the beginning of 2021. They concern the conditions for granting loans by banks and consumer credit companies.
Until the end of September, the economic activity of banks does not seem to be affected by the effects of the health crisis. The outstanding deposits and loans have recorded an increase since the beginning of the year.
The dirham appreciated by 0.41% against the US dollar and depreciated by 0.30% against the euro, during the period from November 5 to 11, 2020. This is what the indicators published by Bank Al-Maghrib (BAM) indicate.