“The Moroccan dirham is in good health, and the hard currency reserve at the Bank of Morocco has exceeded 370 billion dirhams!” Financial reports reveal the strength of the national economy!

صحافة بلادي — The weekly monetary and financial indicators issued by the Bank of Morocco showed the continued strong performance of the national currency and the rise in official hard currency reserve assets to comfortable levels covering more than 5 and a half months of imports of goods and services.

The trio of tourism, remittances and industrial exports supports the dirham

This strong foreign exchange balance is due to the simultaneous dynamism of record tourism receipts, remittances from Moroccans residing abroad, and exports from the automobile sector, phosphates and their derivatives, and food industries.

Successful control of inflation and price stability compared to the region

The prudent monetary policy of the Bank of Morocco enabled it to curb inflation and return it to moderate levels, which strengthened the confidence of investors and international credit rating institutions.

Available field data and indicators confirm that these rapid developments are being closely monitored by various institutional and professional actors, given their direct connection to the current economic and social challenges, and the continuous coordination they require to ensure the effectiveness of interventions and achieve a tangible impact on the ground.

In the same context, observers and specialists agree that the current stage requires continuing to value the gains achieved and accelerating the pace of implementing programs governed according to standards of good governance, transparency, and linking responsibility to accountability, in a way that responds to the aspirations of citizens and enhances the competitiveness and immunity of vital sectors.