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Bank Al-Maghrib


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The Bank Al-Maghrib is the central bank of the Kingdom of Morocco. It was founded in 1959, and is based in Rabat. It holds reserves of foreign currency of Morocco. In addition to currency management, the Bank also supervises a number of privatized banks supplying retail services. Bank Al-Maghrib has the full mandate to conduct monetary policy whereas fiscal policy issues are the mandate of the Ministry of Finance.


The Bank Al-Maghrib therefore has to ensure that fiscal developments are consistent with monetary developments.

Mission of the Bank Al-Maghrib is to achieve price and financial stability to contribute towards national economic growth and development. The Bank shall uphold core values that are an integral part of its vision, mission and corporate culture.

In pursuit of this, the Bank shall uphold the following core missions:

 • to exercise the privilege of issuing banknotes and coins that are legal tender in the Kingdom;
 • to implement monetary policy instruments in order to ensure price stability;
 • to see to the stability of the currency and to its convertibility;
 • to attend to the smooth running of the money market and to ensure its control;
 • to prepare and publish statistics on money and credit;
 • to manage public exchange reserves;
 • to monitor and ensure the security of payment systems and means as well as the relevance of the norms applicable to them; and
 • to see to the smooth running of the banking system and to the enforcement of legislative and regulatory provisions relative to the exercise and control of the activity of credit institutions and similar bodies.

Bank Al-Maghrib HQ Location Map

Bank Al-Maghrib
HQ Address: 277, Avenue Mohammed V
Boîte postale 445
Tel: +212 05 3770 2626
Fax: +212 05 3770 6667
Currency: Moroccan dirham
Banking Hours:
Monday - Friday 08.30am - 04.00pm



List of banks governed by the Bank Al-Maghrib
» Attijariwafa Bank » BMCI » Crédit du Maroc
» Banque Populaire du Maroc » Société Générale Maroc » Crédit Immobilier et Hôtelier
» BMCE Bank » Crédit Agricole du Maroc » Arab Bank Maroc
» Bank Al Amal » Caisse Marocaine des Marches » Banco Immobiliario & Mercantil de Marruecos
» Bex-Maroc » Caisserie Commerciale » Caisse Interprofessionnelle Marocaine de Retraites
» Citibank Maghreb » Commerzbank » Caisse Mutualiste Interprofessionelle
» Societe de Banque & de Credit » Raw-Mat Bank » Limar Bank Casa Union Marocaine de Banques
» Union Marocaine de Banques » Societe Mithaq Al Maghreb » Union Bancaria Hispano Marroqui Uniban

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