Central Bank of Morocco
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About us
Statute and Missions
Strategy
Core values
History
The Bank in a few dates
Previous Governors
Former Directors-General
Headquarters
Governance
Governing and management bodies
Supervisory bodies
Internal control system
Internal audit
Risk management and business continuity
Ethics
Corporate social responsibility
Budget Rules of the Bank
Organization
Organizational chart
Network
Contact Information
Financial statements
Accounting situation
Financial statements
The architectural heritage of Bank Al-Maghrib
Monetary Policy
Institutional framework
Mission
Objectives
Strategic Framework
Presentation
Governance bodies
Decision-making process
Monetary Policy Decisions
Press release
Decisions history
Analytical And Forecasting Framework
Analytical Framework
Forecasting mechanism
Information mechanism
Operational framework
Bank Al-Maghrib intervention mechanism in the money market
Introduction on market operations
Autonomous factors of Banking liquidity (AFBL)
Main operations
Standing facilities
Long-term operations
Fine-tuning Operations
Outstanding amount of interventions
Mechanism for the VSME
Reserve Requirements
Reserve requirement formation
Banking supervision
Réglementation
Micro-prudential supervision
Licensing
Operational framework and banking control
Permanent control
On-site control
Cross-border supervision
Addressing banking difficulties
Protection of credit institutions customers
Publications
Annual report on banking supervision
Systems and means of payment
Financial markets infrastructure and monitoring
Overview
Moroccan Gross Settlement System (SRBM)
Maroclear, the Central Securities Depositary
Moroccan Interbank Remote Clearing
The Casablanca Stock Exchange
E-money switches
Monitoring Financial Markets Infrastructures
Cashless payment instruments and their monitoring
Cashless payment instruments
Monitoring payment instruments
Cheque
Transfer
Credit Cards
Bills of exchange
Direct debits
Supervision of cashless payment instruments
Surveillance and monitoring indicators
Intra-bank exchanges
Interbank exchanges
Bilateral exchanges
Migration to the IMV standard
Cheque payment incidents
Rejected standardized BoEs
Fraud tracking
FINANCIAL STABILITY
Institutional and cooperation framework
Presentation
Financial Stability Committee
Systemic Risks Coordination and Monitoring Committee
Crisis Committee
International Cooperation
Macroprudential policy
Analytical framework
Presentation
Systemic risk mapping
Stress tests
Crisis resolution framework
Publications
Annual report on financial Stability Reports
Press releases
Markets
Key indicators
Money market
Reference rate of the interbank market
Interbank market
MONIA INDEX (Moroccan Overnight Index Average)
Bond market
Treasury bond market
Result of treasury bonds by tender
Secondary market
Negotiable debt securities
primary market for negotiable debt securities
Foreign exchange market
Foreign exchange rates
End-of-month transfer exchange rate
Transfer exchange rate
Foreign banknotes exchange rate
Indicative exchange rate against the Dirham
Fluctuation Band
Local interbank market
International interbank market
Other rates
Reference for floating interest rates calculated based on T-bonds
Rates on term deposits
Interest rates on savings accounts
Maximum conventional interest rate
Lending rates
Banknotes and coins
Activities of Dar As-Sikkah
Cash lifecycle
Banknotes in circulation
1987 series
10 DH banknote
50 DH banknote
100 DH banknote
200 DH banknote
2002 series
50DH banknote
100 DH banknote
200 DH banknote
2012 Series
20 DH Banknote
50 DH Banknote
100 DH Banknote
200 DH Banknote
20 DH Banknote/ 1996 Series
20dh Banknote/2005 Series
Coins in circulation
2011 Series
20 Centimes
½ Dirham
1 Dirham
5 Dirhams
10 DH
2002 Series
5 Centimes
10 Centimes
20 Centimes
1/2 Dirham
1 Dirham
2 Dirhams
5 Dirhams
10 Dirhams
1987 Series
1 Centime
5 Centimes
10 Centimes
20 Centimes
1/2 Dirham
1 Dirham
5 Dirhams
1974 Series
1 Centime
5 Centimes
10 centimes
20 Centimes
50 Centimes
1 Dirham
1 DH Coin/1965 Series
5 Dh Coin/1980 Series
10 Dh Coin/1995 Series
Commemorative Banknotes And Coins
Maintenance Of The Currency Quality
Cash cycle
Clean Note Policy
Currency equipment aptitude test
Mutilated, Altered Or Damaged Notes
Demonetized Notes And Coins
Publications and Research
Institutional publications
Annual Report presented to His Majesty the King
Annual report on banking supervision
Annual report on financial Stability Reports
Analysis Documents
Report on monetary policy
Monthly economic, monetary and financial bulletin
Bank Al-Maghrib Transparency Report – IMF mission – December, 2022
Research
Programme de Recherche
Working Paper
2021
2020
2018
2017
Events
Third annual conference of the Regional Research Network of Central Banks of the Middle East and North Africa (MENA) - September, 14 and 15, 2023
Conference : Small businesses, Development and growth - October 3 and 4, 2022
Conference: "Transformational Recovery: Seizing Opportunities from the Crisis" - June 23 - 24, 2022
Calendar of institutional publications and reference documents
Monetary policy report
Statistics
Key figures of the national economy
Weekly indicators
Monetary statistics
Key indicators of monetary statistics
Special Data Dissemination Standard (SDDS)
Money and foreign exchange market
Money market
Bond market
Foreign exchange market
Official reserve assets
Other rates
Lending rates
Rates on term deposits
Reference for floating interest rates calculated based on T-bonds
Maximum conventional interest rate
Interest rates on savings accounts
Banking sector statistics
Structure of the banking system
Classic credit institutions
Balance sheet of Banks
Balance sheet of consumer loan companies
Balance sheet of leasing companies
Dashboard
Répartition régionale
Distribution, by range of BAM’s branches, of banks’ branches, deposits and loans
Distribution, by community, of banks’ branches, deposits, and loans
Surveys
Business Outlook Survey
Results of Bank Al-Maghrib quarterly survey on lending rates
Prices
Real estate price index
Methodology
Calendar
Real estate price index
Quarterly bulletin
About us
About us
Statute and Missions
Strategy
Core values
History
The Bank in a few dates
Previous Governors
Former Directors-General
Governance
Governing and management bodies
Supervisory bodies
Internal control system
Organization
Organizational chart
Network
Contact Information
Financial statements
Accounting situation
Financial statements
The architectural heritage of Bank Al-Maghrib
Monetary Policy
Monetary Policy
Institutional framework
Mission
Objectives
Strategic Framework
Presentation
Governance bodies
Decision-making process
Analytical And Forecasting Framework
Analytical Framework
Forecasting mechanism
Information mechanism
Operational framework
Bank Al-Maghrib intervention mechanism in the money market
Mechanism for the VSME
Reserve Requirements
Banking supervision
Banking supervision
Réglementation
Micro-prudential supervision
Licensing
Operational framework and banking control
Addressing banking difficulties
Protection of credit institutions customers
Publications
Annual report on banking supervision
Systems and means of payment
Systems and means of payment
Financial markets infrastructure and monitoring
Overview
Moroccan Gross Settlement System (SRBM)
Maroclear, the Central Securities Depositary
Cashless payment instruments and their monitoring
Cashless payment instruments
Monitoring payment instruments
Surveillance and monitoring indicators
Intra-bank exchanges
Interbank exchanges
Bilateral exchanges
FINANCIAL STABILITY
FINANCIAL STABILITY
Institutional and cooperation framework
Presentation
Financial Stability Committee
Systemic Risks Coordination and Monitoring Committee
Macroprudential policy
Analytical framework
Presentation
Systemic risk mapping
Stress tests
Publications
Annual report on financial Stability Reports
Press releases
Markets
Markets
Key indicators
Money market
Bond market
Foreign exchange market
Other rates
Reference for floating interest rates calculated based on T-bonds
Rates on term deposits
Interest rates on savings accounts
Banknotes and coins
Banknotes and coins
Activities of Dar As-Sikkah
Cash lifecycle
Banknotes in circulation
Coins in circulation
Commemorative Banknotes And Coins
Maintenance Of The Currency Quality
Cash cycle
Clean Note Policy
Currency equipment aptitude test
Mutilated, Altered Or Damaged Notes
Demonetized Notes And Coins
Publications and Research
Publications and Research
Institutional publications
Annual Report presented to His Majesty the King
Annual report on banking supervision
Annual report on financial Stability Reports
Analysis Documents
Report on monetary policy
Monthly economic, monetary and financial bulletin
Bank Al-Maghrib Transparency Report – IMF mission – December, 2022
Research
Programme de Recherche
Working Paper
Events
Calendar of institutional publications and reference documents
Monetary policy report
Statistics
Statistics
Key figures of the national economy
Weekly indicators
Monetary statistics
Key indicators of monetary statistics
Special Data Dissemination Standard (SDDS)
Money and foreign exchange market
Money market
Bond market
Foreign exchange market
Official reserve assets
Other rates
Lending rates
Rates on term deposits
Reference for floating interest rates calculated based on T-bonds
Banking sector statistics
Structure of the banking system
Classic credit institutions
Dashboard
Surveys
Business Outlook Survey
Results of Bank Al-Maghrib quarterly survey on lending rates
Prices
Real estate price index
Methodology
Calendar
Real estate price index
Quarterly bulletin
Print
Home
Find information about
Regulation
Participative Banks
Participative Banks
Circular No.3/W/17 : Circular on the terms and modalities of participative banking by banks.
Circular No.2/W/17 : Circular on the terms and modalities of investment deposits’ collection and investment.
Circular No.1/W/17 : Circular on the technical features of the Mourabaha, Ijara, Moucharaka, Moudaraba and Salam products and their presentation to customers.
Find information about
Regulation
Legal regime of the issuance of paper money
Regulation Money Market
bank regulation
Legal framework of payment systems and means
Participative Banks
Fund for the Financial Support of VSMEs
International cooperation and institutional relations
Fight against money laundering
Factsheet : IMF Precautionary and Liquidity Line (PLL)
Services to customers of credit institutions
Right of access to banking services
Service d’intérêt commun
Service central des impayés sur les effets de commerce (SCIL)
Service central des comptes bancaires
Settling disputes between customers and credit institutions
Right to disclose bank accounts information
Banking mediation
Right to disclose bank accounts information
Mobile Application
Legal notice
Reform of the exchange rate regime
History of the exchange rate regime
Implementation of the reform
calculation of the central rate and the limit rates of the fluctuation band
Time schedule for posting the dirham’s exchange rates
List of market holders
Understanding the reform
Virtual currency
Right to access information
Search
Quick access
Media
Services to the public
Procurement/Calls for tender
Latest Publications
Business Outlook Survey - 2025
Key monetary statistics - 2025
Real estate price index - 2025
Dar As-Sikkah
Museum of Bank Al-Maghrib
Educational Space
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