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Keywords: Dirham


Appreciation of the Dirham and Market Trends (January 02-08, 2025)

Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report. As of......

Dollar-Dirham Exchange Rate Declines 0.57% Amid Euro Gains and Global Turmoil

The dollar-dirham exchange rate depreciated by 0.57% during the week of November 25 to 29, falling from 10.06 to 10. This marks a significant drop after the pair remained above the 10 dirham threshold earlier in the week, according to a report from Attijari Global Research (AGR). The decline was primarily......

Moroccan Dirham Holds Steady Against Euro, Dips Against US Dollar

The MASI Index Drops by 1.8%, Reflecting Market Volatility The Moroccan dirham maintained its stability against the euro but experienced a 1.17% depreciation against the US dollar between September 26 and October 2. This fluctuation underscores the ongoing dynamics in the global currency market and......

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......

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......

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......

Morocco's Economic Horizon: Central Bank Projects Record-Breaking Remittances by 2025

In a promising forecast for Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, has unveiled projections that paint a picture of robust growth across multiple sectors. The standout prediction: remittances are expected to reach an unprecedented MAD 123.7 billion ($12......

Dirham Declines Against Euro's Strength

The dirham, Morocco's official currency, has experienced a noticeable decline against the euro, drawing the attention of financial analysts and market watchers. According to a recent report from Morocco's central bank, the dirham's exchange rate fell by 0.46 percent against the euro from......

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,......

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