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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......

Aer Lingus Unveils New Route: Dublin to Marrakech

In a strategic move to cater to the burgeoning demand for winter sun escapes, Irish airline Aer Lingus has announced the launch of a new flight route connecting Dublin to Marrakech. This service, set to commence on October 26, will operate three times a week, offering travelers an enticing blend of culture,......

Navigating the Storm: Morocco's Agriculture Minister Charts a Course for Red Meat and Dairy Sectors

In the face of Morocco's ongoing drought, Agriculture Minister Mohammed Sadiki spearheaded pivotal discussions in Rabat, focusing on the nation's red meat and dairy industries. The meetings, held on Tuesday, aimed to bolster food sovereignty and address critical challenges facing these sectors. Minister......

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......

Royal Air Maroc to Resume Direct Casablanca-Beijing Flights

In a significant development for international travel and economic ties, Royal Air Maroc (RAM) has announced the resumption of its direct flight connecting Casablanca and Beijing. This route, the first of its kind to link Morocco and China directly, is set to recommence on January 20 next year. Initially......

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 Resilience Amid Challenges: Bank Al-Maghrib's 2023 Insights

Despite facing a tapestry of challenges, Morocco's economy demonstrated resilience in 2023, achieving a 3.4% growth rate. This was detailed in the Bank Al-Maghrib's annual report, presented to King Mohammed VI on Monday. The report from Morocco’s central bank provided a comprehensive overview......

Morocco Marks Quarter-Century Milestone with Numismatic and Philatelic Tributes

In a grand gesture to commemorate 25 years of His Majesty King Mohammed VI's reign, Morocco's central bank and postal service have unveiled exclusive mementos that capture the essence of this historic occasion. Bank Al-Maghrib and Barid Al-Maghrib have collaborated to produce a commemorative......