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Unmasking Trade Protectionism: Mezzour's Call for Economic Sovereignty

In a thought-provoking address at a conference organized by Bank Al-Maghrib in Dakhla, Ryad Mezzour, Minister of Industry and Trade, delivered a scathing critique of the protectionist practices employed by certain Western nations. These countries, while championing free competition and economic integration,......

Morocco's Grain Imports from European Union Reach Remarkable Heights

In a notable turn of events, recent data unveiled by Eurostat, the esteemed European statistics office, reveals Morocco's emergence as a significant importer of grain from the European Union (EU). In 2023, the North African nation imported a staggering 5 million tons of grain from the 27 member states......

Morocco Committed to Meeting IMF Criteria for Flexible Credit Line

In a strong validation of Morocco's economic strength, the International Monetary Fund (IMF) has praised the Kingdom's adept handling of adverse conditions in 2023. Despite challenges like water scarcity, last September's earthquake, and sluggish growth in the Eurozone, Morocco saw a boost......

Climate Chaos: Threatening Morocco's Financial Stability

A groundbreaking report jointly conducted by the World Bank and Morocco's Bank Al-Maghrib has sounded a stark warning about the vulnerable state of the nation's banking sector amidst the escalating risks of climate change. This pioneering analysis for the African continent sheds light on the......

Bank Al-Maghrib Poised for Stability: Financial Experts Predict Continuity in Interest Rates

In a recent survey conducted by Attijari Global Research, a significant majority of influential investors in Morocco's financial market are foreseeing Bank Al-Maghrib (BAM), the nation's central bank, to uphold its benchmark interest rate at the current level of 3%. The survey, which engaged......

Morocco's Resilient Ascension: Conquering Inflation and Economic Turbulence

In an era fraught with global tribulations, Morocco has emerged as a paragon of resilience, surmounting economic challenges and distinguishing itself on the world stage. The North African nation's extraordinary economic performance, marked by sturdy growth and a sharp decline in inflation, has captivated......

Bank Al-Maghrib: 145 Bank Branches Closed Their Doors in 2023

In the digital era where convenience is paramount, the Moroccan banking sector experienced a notable transformation in 2023. According to a report by Bank Al-Maghrib, the nation's central bank, 145 bank branches ceased their physical operations, while only 42 new branches emerged, resulting in a......

Capital Economics Report: Morocco Positioned for Transition to Fully Floating Dirham

A recent report by Capital Economics, the London-based firm, suggests that Morocco is well-positioned to consider a move towards a fully floating dirham. The report highlights the kingdom's favorable balance of payments and declining inflation as key factors laying a solid foundation for Bank Al-Maghrib,......

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......