Bank of Morocco

Bank Al-Maghrib is the central bank of Morocco and a pivotal institution in North Africa’s financial landscape. Charged with issuing the Moroccan dirham, managing foreign exchange reserves, and setting monetary policy, Bank Al-Maghrib is central to maintaining price stability and supporting sustainable economic growth in Morocco. The institution has a storied history marked by periods of both reform and innovation as it has adapted to changing domestic and global economic conditions. In recent years, Bank Al-Maghrib has embraced digital technologies by modernizing its payment systems and implementing advanced cybersecurity measures, thereby ensuring that financial transactions are secure and efficient. Transparency is a cornerstone of its operations, as evidenced by regular publications of economic reviews, policy guidelines, and comprehensive performance reports aimed at bolstering market confidence. The bank collaborates extensively with international financial organizations and regional partners, aligning its regulatory practices with global best practices and promoting financial stability across the region. In addition, Bank Al-Maghrib is dedicated to advancing financial inclusion by developing initiatives that extend banking services to underserved and rural communities, thereby contributing to broader socio-economic development. Through a balanced blend of traditional monetary policy tools and forward-thinking digital reforms, Bank Al-Maghrib continues to play a vital role in steering Morocco toward a resilient, competitive, and sustainable economic future while reinforcing its status as a key player in the regional financial system.