Bank Al-Maghrib

BAMCentral bank

The central bank of the Kingdom of Morocco

Role

The role of BAM

Bank Al-Maghrib is the central bank of the Kingdom of Morocco, established in 1959. Its statute is governed by law no. 40-17. It conducts the country's monetary policy, issues the national currency (the dirham) and safeguards price and financial stability. It publishes the dirham's reference exchange rates against major currencies every business day, the data that powers our currency pages.

Missions

Main missions

Conduct monetary policy: set the key rate and manage bank liquidity to ensure price stability.

Issue banknotes and coins, manage foreign exchange reserves and supervise credit institutions.

Ensure the smooth operation of payment systems and publish monetary statistics and reference exchange rates.

Published data

What BAM publishes

Bank Al-Maghrib notably publishes the dirham's daily reference exchange rates, the key rate and its monetary policy decisions, monetary and banking statistics, and annual financial stability reports.

On Yuna

Gold price in dirhams

The dirham's fluctuation band explained

FAQ

Frequently asked questions

What is the role of Bank Al-Maghrib?

Bank Al-Maghrib is Morocco's central bank: it conducts monetary policy, issues the dirham, supervises banks and safeguards the stability of the financial system.

Who sets exchange rates in Morocco?

Bank Al-Maghrib publishes the dirham's reference exchange rates every business day, within a fluctuation-band exchange rate regime.

Official sources

Official website : www.bkam.ma