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The Moroccan dirham (Arabic: درهم, romanized: dirham, Moroccan Arabic: درهم, romanized: derhem; sign: DH; code: MAD) is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 santimat (singular: santim; Arabic: سنتيم).
The Bank Al-Maghrib (Arabic: بنك المغرب, lit. ' Bank of Morocco ') is the central bank of the Kingdom of Morocco. It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion.
Central Bank of Libya Madagascar: Malagasy ariary: Central Bank of Madagascar Malawi: Malawian kwacha: Reserve Bank of Malawi Mauritania: Mauritanian ouguiya: Central Bank of Mauritania Mauritius: Mauritian rupee: Bank of Mauritius Morocco: Moroccan dirham: Bank Al-Maghrib Mozambique: Mozambican metical: Bank of Mozambique Namibia: Namibian ...
The central bank of Morocco (Bank Al Maghrib) In 2007, the financial sector of Morocco maintained an economic environment conducive to further growth of banking activity following a very good year for the sector in 2006. Morocco's banks have been largely unaffected by the credit crisis due to their limited connection to global financial markets.
Palais Zahia building in the medina of Tangier, the State Bank of Morocco's head office from 1907 to 1952 The State Bank's building in Rabat, inaugurated 1925 and the seat of its executive management until succession by Bank Al-Maghrib in 1959 Building at 3, rue Volney in Paris, the State Bank of Morocco's "seat of administration" where board meetings were held from 1907 to 1922
Al Barid Bank, state-owned; Arab Bank PLC , part of Arab Bank Group; Attijariwafa Bank; Banco Sabadell, part of Banco Sabadell Group; Bank Al-Amal, part-owned by BCP Group; Banque Centrale Populaire, part of BCP Group; Banque Marocaine du Commerce Extérieur (BMCE), part of Banque of Africa - BMCE Group
Central bank name Currency Currency share percentage of global allocated reserves in Q4 2022 (%) Central bank governor Native name of central bank Establishment United States: Federal Reserve: United States dollar: 58.36 Jerome Powell: 1913 European Union: European Central Bank: Euro: 20.47 Christine Lagarde: 1998 Japan: Bank of Japan: Japanese ...
The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.