Bank Al-Maghrib discusses the flexibility of the dirham

In its 2023 annual report, Bank Al-Maghrib (BAM) said it was satisfied with the “good conditions” in which the flexibility of the exchange rate regime is evolving.

“Given a favorable market effect, the dirham ended the year with an appreciation of 5.6% against the American currency and 2% against the euro,” the Central Bank said in its report, noting a certain stability in the value of the national currency during the period.