Bank Al-Maghrib

2 articles

Morocco and UAE Set Framework to Explore Payment Links

The central banks of Morocco and the UAE signed two memoranda on October 3, 2026. They set out work on supervisory cooperation, Islamic finance and possible payment links, but do not connect the countries' payment systems.

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Moroccan civil servants face record debt burden as banks fuel borrowing

Moroccan civil servants now devote an average of 44% of their income to debt repayment, the highest among all occupational groups, as banks and finance companies compete to extend credit amid stagnant wages and rising living costs.

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