The dirham appreciated by 0.28% against the euro and 0.14% against the US dollar. This was during the period between September and October, according to Bank Al-Maghrib (BAM).
On the occasion of the celebration of the 21st anniversary of the enthronement of King Mohammed VI, Bank Al-Maghrib (BAM) has issued a commemorative silver coin with a face value of 250 dirhams.
In Morocco, participatory financing stands at 11.84 billion dirhams (+50.7%) at the end of September, of which 10.09 billion dirhams for the real estate sector. This is indicated by the latest statistics from Bank Al-Maghrib (BAM) .
The latest weekly indicator bulletin from Bank Al-Maghrib (BAM) indicates that the dirham appreciated by 0.62% against the euro and depreciated by 0.42% against the US dollar, during the period from October 22 to 28, 2020.
Bank Al-Maghrib has granted amnesty for rubber checks. While for some, this measure is crucial to revive the economy after three months of lockdown, others are outraged, as dishonest people could take advantage of it to issue checks without funds.
Bank Al Maghrib has just analyzed the means of payment in vogue in the Moroccan economy for the year 2019. Result: Moroccans are having trouble abandoning cash.
Counterfeit banknotes increased by 5.5% in 2019 after a 7% decline in 2018. More than 69% of counterfeit banknotes discovered by Bank Al-Maghrib are 200 DH denominations.
Contrary to the period from October 1 to 7, 2020, the dirham appreciated by 0.62% against the euro and 0.45% against the dollar, during the period from October 8 to 14, 2020, according to Bank Al-Maghrib (BAM) in its latest weekly indicators bulletin.
While all projections of Morocco’s economic growth for the year 2020 agree on rather optimistic prospects, the International Monetary Fund (IMF), for its part, has gone against the current. The institution made its opinion known in a document entitled "World Economic Outlook, October 2020" which has just been published.
The Governor of Bank Al-Maghrib (BAM), has achieved a new feat. Moroccan Abdellatif Jouahri has been ranked in the top 10 best central bankers for the fourth consecutive time.
The dirham has depreciated by 0.53% against the euro and 0.10% against the dollar, according to Bank Al-Maghrib (BAM) in its bulletin on weekly indicators.
A few days before the expiration of its Precautionary and Liquidity Line (PLL), Morocco wants to further negotiate the obtaining of a Flexible Credit Line from the International Monetary Fund (IMF). This is an IMF financial instrument that offers more conditions and flexibility than the PLL, the impact of which is positive for the country’s rating.