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For nearly a century, the headquarters of the former State Bank of Morocco has stood as an architectural icon and an urban landmark in the heart of the capital city, holding a distinguished place in the history of Rabat. From the early 20th century, the city served as the seat of the Protectorate's administrative services, which were housed in buildings conceived by eminent architects and landscape designers. The edifice of the former State Bank of Morocco stands among the buildings lining Avenue Mohammed V, holding pride of place alongside other nearly century-old landmarks, such as the legendary Hôtel Balima, La Grande Poste, and the Parliament, notable for its Greco-Roman-inspired architecture. These exceptional heritage treasures earned this part of the city, imagined and designed by architect and urban planner Henri Prost, its inscription on the UNESCO World Heritage in 2012.
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The creation of Bank Al Maghrib pursuant to the Dahir of Dhul-Hijjah 23, 1378 (June 30, 1959) marks an important milestone in the history of Morocco and doubtlessly constitutes a strong historic breakthrough. The solemn inaugural ceremony of what was then "Banque du Maroc", headquartered on Avenue Mohammed V, took place on July 2, 1959. On that day, welcomed to the sound of the national anthem at the entrance of the Bank, His late Majesty King Mohammed V unveiled a plaque bearing the inscription "Banque du Maroc" in French and in Arabic to the acclamation of a vast crowd. His late Majesty delivered a landmark speech in which he presented the establishment of a central bank of issue as the surest sign of the return of national sovereignty and a decisive lever for economic decolonization.
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