Tag: Central Bank Bank Al Maghrib
Business Finance Headlines Morocco

Morocco’s Central Bank gearing up digital currency

North Africa PostComments Off on Morocco’s Central Bank gearing up digital currency

As many Western societies are going paperless and cashless, several central banks across the world started testing digital money to assess the risks and benefits of cryptocurrency, a global market spurred by Covid-19 restrictions in emerging economies particularly in Africa and Asia. Sensing the growing importance of decentralized digital currency with the evolution of Information […]
Finance Headlines Morocco

Morocco’s Central Bank forecasts 6.3% drop in Country’s GDP in 2020 & 4.7 % growth in 2021

North Africa PostComments Off on Morocco’s Central Bank forecasts 6.3% drop in Country’s GDP in 2020 & 4.7 % growth in 2021

Morocco’s Gross Domestic Product (GDP) is expected to fall by 6.3 pc this year before recovering quickly and rebounding by 4.7 pc in 2021, said on Tuesday Bank Al Maghrib in a press release issued following its third quarterly meeting. According to the experts of the Kingdom’s central Bank, the Moroccan economy has been affected […]