Keywords: Central Bank
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......
In a significant move towards sustainability, Morocco is charting a green course with its central bank spearheading the effort. Abdellatif Jouahri, the governor of Bank Al-Maghrib, Morocco's central bank, announced on Friday the ambitious goal of increasing the allocation of foreign currency reserves......
Madrid - Spain received encouraging economic news to kick off 2023, as the country's inflation rate exhibited further signs of moderation in December. According to data released on Friday by the National Statistics Institute (INE), consumer prices rose by 3.1% year-over-year last month, a decrease......
In a promising development for Morocco's economy, new data from the Exchange Office reveals that remittances from the Moroccan diaspora have reached an impressive MAD 105.4 billion, equivalent to $10.65 billion as of November. This figure represents a notable 4.4% increase compared to the same period......
In a promising outlook for the Moroccan economy, Bank Al-Maghrib (BAM), the country's central bank, has projected a growth rate of 2.7% for the year 2023, with further improvements anticipated in the following years. The latest quarterly meeting of BAM has illuminated the positive trajectory, indicating......
Morocco is on the verge of a significant regulatory breakthrough in the realm of crypto assets, as it works on a new bill aligning with recommendations from the latest G20 Summit. Governor Abdellatif Jouahri of Bank Al-Maghrib (BAM), the central bank of the Kingdom, unveiled this progressive development......
Rabat - As inflation shows signs of deceleration, Morocco's central bank, Bank Al-Maghrib, is widely expected to maintain benchmark interest rates at 3% during its upcoming quarterly meeting on December 19th. According to a recent survey conducted by Attijari Global Research, there is unanimous......
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