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Keywords: Bank Al Maghrib


Morocco's floating dirham: safeguarding remittances and economic stability

Morocco is poised to transition to a floating exchange rate regime in 2026, a move that underscores the critical role of its diaspora in maintaining economic stability. With over five million Moroccans living abroad, remittances have become a cornerstone of the national economy, reaching MAD 117.7 billion......

IFAD partners with Bank Al-Maghrib to enhance food security with $150 million bond

The International Fund for Agricultural Development (IFAD) has announced a renewed partnership with Bank Al-Maghrib, Morocco’s central bank, aimed at bolstering food security and supporting rural communities globally. This collaboration is underscored by the issuance of a $150 million sustainable......

Youth empowerment through Youth Card project agreement

The Ministry of Youth, Culture, and Communication and Bank Al-Maghrib have entered into a partnership to offer young people exclusive benefits under the “Youth Card” project. The agreement was signed on Friday in Rabat during the 30th International Book and Publishing Fair, held at the Bank......

Moroccan dirham strengthens against dollar as market stability returns

The Moroccan dirham has appreciated by 2.3% against the US dollar while experiencing a slight decline of 0.6% against the euro, as reported by Bank Al-Maghrib (BAM). This currency fluctuation indicates a brief period of strength for Morocco's national currency amidst ongoing financial adjustments. In......

Morocco's Banking Liquidity Deficit Increases by 21.9%

The liquidity deficit in Morocco’s banking system has surged by 21.9%, reaching MAD 168.3 billion during the week of April 3 to 9. This significant rise highlights tightening conditions within the money market. According to BMCE Capital Global Research (BKGR), the deficit’s increase follows......

Improving customer service in Moroccan banking: BAM and GPBM join forces

Bank Al-Maghrib (BAM), Morocco’s central bank, has initiated a collaboration with the Moroccan Professional Group of Banks (GPBM) aimed at enhancing customer satisfaction within the banking sector. This decision stems from a noticeable increase in complaints regarding service quality at bank branches......

Morocco extends wheat import subsidies amid ongoing drought

Morocco has officially announced the continuation of its subsidy program for soft wheat imports throughout 2025, a strategic response to the persistent drought that has severely impacted the nation’s agricultural output. The National Interprofessional Office for Cereals and Legumes (ONICL) confirmed......

Morocco's digital transformation: Blockchain and AI as catalysts for economic growth

Morocco is making significant strides in establishing a vibrant digital economy through its ambitious Digital Morocco 2030 strategy. This initiative aims to modernize the nation’s economy by leveraging blockchain technology and artificial intelligence (AI), addressing longstanding challenges that......

BBVA gains approval for Banco Sabadell acquisition in Morocco

Spain’s second-largest bank, BBVA, has received approval from Morocco's central bank, Bank Al-Maghrib, for the indirect change in control of Banco Sabadell’s operations in the country. This development marks a significant step in BBVA's broader strategy to enhance its presence in......