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Keywords: Central Bank


Abdellatif Jouahri ranks among world’s top central bank governors in 2025

Abdellatif Jouahri, Wali of Bank Al-Maghrib (BAM), has been recognized as one of the world’s leading central bank governors in the 2025 Central Banker Report Cards by the prestigious American financial magazine Global Finance. Jouahri received an “A” rating, placing him in an elite......

Morocco's digital leap: e-Dirham aims to modernize finance and boost regional influence

Morocco’s central bank, Bank Al-Maghrib (BAM), is spearheading the introduction of the e-Dirham, a Central Bank Digital Currency (CBDC) designed to accelerate the nation’s digital transformation. This initiative seeks to enhance financial inclusion, modernize payment systems, and establish......

Bank Al-Maghrib reports 27% profit growth in 2024, reaching MAD 6.46 billion

Bank Al-Maghrib (BAM), Morocco’s central bank, concluded 2024 as one of its most profitable years, recording a net profit of MAD 6.46 billion. This marks a 27% increase compared to the MAD 5.1 billion reported in 2023, despite rising operational expenses and economic challenges. Key drivers of......

Spain’s workforce grows by over 1 million foreigners in a decade

Spain has added more than 1.4 million foreign workers to its labor force over the past decade, according to new data. Economists view this trend as essential for sustaining the country’s welfare and pension systems amid an aging population. A decade of growth in foreign labor Figures from Spain's......

Morocco’s central bank maintains key interest rate at 2.25% amid economic uncertainties

Morocco’s central bank, Bank Al Maghrib (BAM), has decided to keep its benchmark interest rate unchanged at 2.25%, signaling a cautious approach amid significant uncertainties in both domestic and global economic conditions. The decision reflects the bank’s commitment to balancing economic......

Bank Al Maghrib issues alert over fraudulent investment platform

Bank Al Maghrib (BAM), Morocco’s central bank, has released an official warning against fraudulent media content promoting a fake investment platform falsely attributed to the bank. According to BAM, the content illegitimately uses the bank’s identity and the image of its governor, likely......

6 Million Moroccans Embrace Cryptocurrencies Despite Strict Regulations

Morocco is witnessing a significant rise in cryptocurrency adoption, despite stringent restrictions imposed by the central bank on digital asset transactions. A recent report by the financial services platform "HelloSafe" highlights the increasing number of Moroccans engaging with cryptocurrencies,......

Moroccan currency shows slight movement against major currencies

The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......

The impact of the US-China trade war on Europe: ECB's perspective

The European Central Bank (ECB) may further lower interest rates as inflation continues to moderate, according to board member Piero Cipollone. He also warned that escalating trade tensions between the United States and China could negatively affect the 20-member eurozone economy. Since June, the ECB......