Keywords: Banking system


The dirham appreciates against the dollar but declines against the euro

The Moroccan dirham experienced contrasting movements against major currencies during the period from August 13 to 19, 2026. According to data from Bank Al-Maghrib (BAM), the national currency strengthened against the US dollar while losing ground against the euro. This development occurs in a foreign......

Limited cyberattack disrupts services at four Iranian banks, officials say

A limited cyberattack has disrupted services at four major Iranian banks, temporarily affecting certain operations but without compromising customer data, according to Iran’s banking coordination council, as reported by state-affiliated media. The affected institutions include Bank Melli, Tejarat......

Regulators monitor Anthropic’s Mythos over potential banking risks

Regulatory authorities are closely monitoring the development of Anthropic Mythos, a new advanced AI system developed by the company Anthropic, amid concerns about its potential impact on global financial systems. Experts suggest that the model’s advanced coding capabilities could allow it to......

World bank warns of downside risks to India’s growth outlook

The World Bank has cautioned that risks surrounding India’s projected economic growth remain tilted to the downside, despite a generally stable macroeconomic environment. India’s economy is expected to grow by around 6.6% in the 2026–2027 fiscal year, maintaining its position among......

Morocco’s banking liquidity deficit rises to MAD 144.6 billion in late October

The Moroccan banking system faced a deepening liquidity deficit during the final week of October, with the gap widening by 5.19% to reach MAD 144.6 billion, according to BMCE Global Research’s “Fixed Income Weekly” report. This increase reflects the cautious approach taken by Bank Al-Maghrib......

Despite digital progress, Morocco still faces payment incidents due to lack of trust

Despite rapid digitalization, Morocco continues to face persistent issues with traditional payment methods, revealing a deeper crisis of trust within its financial ecosystem. According to the African Scientific Journal, these incidents are not just technical failures but symptoms of ethical shortcomings,......

US sanctions target firms tied to Iranian oil sales, citing links to Quds Force

The United States has imposed sanctions on 22 companies based in Hong Kong and Turkey for their alleged roles in facilitating the sale of Iranian oil, according to the US Treasury Department. The measures, announced on Wednesday, aim to disrupt financial networks that support Iran's Islamic Revolutionary......