Bank Al-Maghrib

Bank Al-Maghrib
بنك المغرب
HeadquartersRabat, Morocco
Coordinates34°01′10″N 6°50′09″W / 34.01944°N 6.83583°W / 34.01944; -6.83583
Ownership100% state ownership[1]
GovernorAbdellatif Jouahri[2]
Central bank ofMorocco
CurrencyMoroccan dirham
MAD (ISO 4217)
Reserves21 390 million USD[1]
Websitewww.bkam.ma Edit this at Wikidata
Monogram of Bank al-Maghrib on its head office building in Rabat

The Bank Al-Maghrib (Arabic: بنك المغرب, lit.'Bank of Morocco') is the central bank of the Kingdom of Morocco. It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion. In addition to currency management, the Bank Al-Maghrib also supervises a number of private banks supplying commercial banking services. The bank is headquartered on Avenue Mohammed V in Rabat; it has a branch in Casablanca and agencies in 18 other cities in Morocco.

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "Official Site of Bank Al-Maghrib". Archived from the original on 2016-09-18.

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