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BAM Amplifies Monetary Interventions Amid Market Stability

The Moroccan economy continues to display resilience and investor confidence, maintaining market stability despite global economic fluctuations. Bank Al-Maghrib (BAM), the country's central bank, has significantly increased its interventions in the monetary market, injecting MAD 127 billion ($12.7......

Morocco's Path to Embracing a Flexible Dirham Exchange Rate Amid Economic Stability

Morocco is on the brink of a significant transition, with its central bank, Bank Al-Maghrib (BAM), preparing to adopt a fully floating dirham exchange rate. This pivotal move is fueled by the nation's strengthening macroeconomic stability, supported by a reduced current account deficit, robust foreign......

Moroccan Dirham's Stability Against Dollar, Euro Fluctuates Amid Central Bank's Weekly Auctions

The Moroccan dirham displayed a mixed performance against major foreign currencies last week, as per the latest data released by Bank Al-Maghrib (BAM), the country's central bank. While the dirham maintained its value against the U.S. dollar, it experienced a decline of 0.91% when measured against......