First Independent Mena Newspaper
Cash in circulation in Morocco rose 18.5% year-on-year to 491 billion dirhams (53.9 billion dollars) in 2025, highlighting the economy’s continued reliance on cash despite efforts to expand digital payments, according to Morocco’s central bank. Cash in circulation was equivalent to 28.5% of gross domestic product, the central bank said in its annual report, warning […]
King Mohammed VI received Saturday at the Royal Palace of Rabat, Abdellatif Jouahri, Governor of Bank Al Maghrib, who presented to the Sovereign the central bank’s annual report on the economic, monetary and financial situation for the year 2021. In an address before the Monarch, Jouahri said that despite a difficult international context, the Moroccan […]
Fewer job opportunities meant that many people had to seek jobs at Morocco’s large informal economy leaving many young people in vulnerable conditions, the central bank said in its annual report. The coronavirus pandemic has revealed the scale of the underground economy, which showed that 5 million households, representing more than half the Moroccan population, […]