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Tag: Bank Al Maghrib
Morocco: IMF highlights Central Bank’s transparency practices
A mission led by a multidisciplinary team from the International Monetary Fund (IMF) highlighted Bank Al-Maghrib's (BAM) transparency practices. This mission focused on examining the ... Read More
Will Morocco’s central bank end accommodative monetary policy to curb inflation?
Morocco’s central bank will hold its second meeting this year on June 21 to take key monetary policy decisions with analysts predicting the bank to ... Read More
Morocco’s financial sector shows resilience against Covid-19 fallout
Rabat - Morocco The Moroccan financial sector continues to show resilience against the negative impacts generated by the Covid-19 pandemic, said the “Coordination & Systemic ... Read More
Moroccan banks start to shake off Covid-19 impact
Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due ... Read More
Morocco to boost its foreign exchange reserves with $650 mln from IMF
Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under ... Read More
Moroccan & Hungarian Central Banks to enhance cooperation in online financial services
Morocco’s Central Bank (Bank Al-Maghrib) and its Hungarian peer Magyar Nemzeti Bank (MNB) have agreed, under an agreement, to foster their cooperation in banking digitalization ... Read More
Informal sector represents 30% of Morocco’s GDP- Central Bank study
The scale of the informal sector in the Moroccan economy amounts to 30% of GDP said a new study conducted by the Central Bank. The ... Read More
Morocco to make two bond sales in 2020 and 2021
Morocco will launch two international bonds in 2020 and 2021 to lift its foreign exchange reserves and help the economy offset the fall in foreign ... Read More
Morocco’s central bank asks banks to freeze distributing dividends
Morocco’s Central Bank, known as Bank Al Maghrib, asked banks not to pay 2019 dividends to shareholders in order to boost their capacity to dealing ... Read More
Morocco’s Central Bank Joins Bank for International Settlements
Bank Al-Maghrib, Morocco’s central bank, has become member of the Bank for International Settlements (BIS), the oldest international financial institution, which helps central banks in ... Read More