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Morocco's Economic Resilience Tested: Mixed Sector Performance in Q2 2024

Morocco's economy faced a challenging landscape in the second quarter of 2024, with growth slowing to 2.4%, down from 2.5% in the same period last year. This slight deceleration masks significant shifts across various sectors, painting a complex picture of the nation's economic health. Primary......

Morocco's Bank Al-Maghrib: A Bold Move to Cap Electronic Transaction Fees

In a significant development, Morocco's central bank, Bank Al-Maghrib, has taken a decisive step to regulate the fees charged for electronic transactions, setting a cap at 0.65% of the transaction value. This move, announced recently, aims to foster a more inclusive and accessible financial ecosystem,......

Morocco's Central Bank Maintains Interest Rates: A Balancing Act for Economic Recovery

In a strategic move to support the nation's economic recovery, Morocco's central bank, Bank Al-Maghrib (BAM), has decided to hold its key interest rate steady at 2.75%. This decision, announced on September 25, 2024, reflects a delicate balance between managing inflation and fostering economic......

Morocco's Economic Outlook: A Balanced Approach to Growth and Resilience

Morocco's economic trajectory is set to navigate a delicate path in the coming year, with the Bank Al-Maghrib (BAM) projecting a modest growth rate of 2.8% for 2024. This forecast, while indicating a slowdown from previous years, reflects a strategic approach to managing economic challenges and positioning......

Unveiling Morocco's Architectural Brilliance: New 20-Dirham Banknote Celebrates the Kingdom's Cultural Heritage

In a remarkable display of national pride, Morocco's central bank, Bank Al-Maghrib, has issued a new 20-dirham banknote that pays homage to the country's rich architectural legacy and socio-cultural development. The release of this note coincides with the celebration of Youth Day, a significant......

Surging Liquidity Demand in Morocco: Central Bank's Strategic Response

Morocco's Banking Sector Faces Heightened Liquidity Needs In a recent report by Morocco's central bank, Bank Al-Maghrib (BAM), July saw a notable rise in liquidity demand within the country's banking sector. The average weekly requirement soared to MAD 125.3 billion, surpassing June's......

Digital Currency Dilemmas: Will Morocco’s E-Dirham Defy Global Trends?

As the world increasingly leans towards digital solutions, the concept of Central Bank Digital Currencies (CBDCs) has gained momentum. Yet, while some nations have ventured into this realm, success stories remain elusive. With Morocco poised to introduce the e-Dirham, questions arise about its potential......

Urgent Reforms Needed for Morocco's Pension System Stability

In a recent critical assessment, the Financial Stability Report highlights pressing issues within Morocco's pension sector, necessitating urgent reforms to ensure its future viability. The report, a collaborative effort by Morocco’s central bank Bank Al-Maghrib (BAM), the Moroccan Capital Market......

Morocco Unveils New 50 Dirham Banknote Celebrating Sustainability

In a significant move to commemorate the 25th anniversary of King Mohammed VI's reign, Bank Al-Maghrib has introduced a new 50 dirham banknote that underscores Morocco's dedication to sustainable development. This fresh currency, infused with striking illustrations, reflects the nation's......