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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.
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
This is a list of commercial banks in Morocco, as published by the Bank Al-Maghrib in July 2021. [1] List of commercial banks. Al Barid Bank, state-owned;
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.
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.
The 4th biennale took place in 2012 [5] [6] and was curated by Dr Nadim Samman and Carson Chan and shown at multiple venues such as Théâtre Royal, Koutoubia Cisterns, Bank Al-Maghrib, Cyber Parc Arsat Moulay Abdeslam and Dar Al-Ma’mûn in Marrakech. [7]
Since 2003, he has been serving as the governor of Bank Al-Maghrib. [8] Jouahri, has consistently been recognized as one of the world's best central bankers. Global Finance Magazine featured him in their esteemed list in 2017, where he secured an A grade for his performance. [9]
In December 2012, Bank Al-Maghrib issued a 25-dirham banknote to commemorate the 25th anniversary of banknote production at the Moroccan State Printing Works, Dar As-Sikkah. It is the first banknote in the world to be printed on Durasafe, a paper-polymer-paper composite substrate produced by Fortress Paper.