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    October 14, 2021

    Remittances Sent by Moroccans Abroad To Reach 87 Bln dirhams in 2021 - Central Bank-

    Rabat - Remittances sent by Moroccans living abroad would reach 87 billion dirhams in 2021, an increase of 27,7%, according to Bank Al-Maghrib forecasts.

    'After a 4.9 percent increase in 2020, remittances"...

    October 14, 2021

    Morocco's Inflation Forecast at 1.2% in 2021, 1.6% in 2022 - Central Bank

    Rabat - Inflation in Morocco should come out at 1.2 percent in 2021 and stand at 1.6 percent in 2022, according to Bank Al Maghrib forecasts.

    'After a relative acceleration to an average of 1.6 percent in"...

    October 14, 2021

    Morocco's Central Bank Keeps Key Rate Unchanged at 1.5%

    Rabat - The Board of Morocco's central bank (Bank Al-Maghrib) on Wednesday decided to keep unchanged the key policy rate at 1.5%, following its third quarterly meeting of the year 2021.

    'In view of these"...

    October 13, 2021

    African Development Bank: Morocco's Tangier-Med Port is a model for Nigeria

    Denver- The President of the African Development Bank, Akinwumi Adesina, highlighted Morocco’s maritime infrastructure as an example of excellence in a phone conversation with Nigerian ministerial officials during a two-day performance retreat in Abuja on Monday, October 11.

    ...

    October 10, 2021

    World Bank: Morocco To Record the Highest GDP in MENA Region

    Rabat – The World Bank has recently adjusted its growth forecast for countries in the Middle East and North Africa (MENA) region in a report published on October 7. Morocco’s real GDP growth is projected to rebound to 5.3% in 2021, representing a 1.1 point increase than the"...

    October 6, 2021

    Participatory Banks: Financing Up 54.9% in August (BAM)

    Rabat - Financing granted by participatory banks increased by 54.9%, year-on-year, reaching over 17.56 billion dirhams in August 2021, Bank Al-Maghrib (BAM), Morocco's Central Bank said.

    Financing is divided"...

    October 4, 2021

    FCMB Celebrates Customer Service Week, Says Customer Focus its Core Value

    First City Monument Bank (FCMB), will today join the rest of the world to celebrate this year’s customer service week, with a commitment to continuously offer easy to use products and platforms, and to offer the very best customer experience, which will save their customers’"...

    September 30, 2021

    IRESEN, EBRD Team Up To Promote Green Investments in Morocco

    Rabat - The European Bank for Reconstruction and Development (EBRD) and the Solar Energy and New Energies Research Institute (IRESEN) are joining forces to promote investments that would accelerate Morocco's green energy transition. through a Memorandum of Understanding (MoU) agreement"...

    September 29, 2021

    Morocco’s Central Bank, Bank of Russia Sign MoU to Strengthen Bilateral Cooperation

    Rabat - Morocco’s central bank (Bank Al-Maghrib) and Bank of Russia (Central Bank of the Russian Federation) have signed a memorandum of understanding (MoU) aimed at improving and strengthening cooperation between the two Institutions.

    The"...

    September 29, 2021

    Bank Al-Maghrib's Board Meeting Postponed to October 13

    Rabat - The third quarterly meeting of the Board of Morocco’s central bank (Bank Al Maghrib) for the year 2021, scheduled this Tuesday, has been postponed to Wednesday, October 13, for health reasons, the central bank has said.

    The"...

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