Bank Al-Maghrib (BAM) is the central bank of the Kingdom of Morocco, established in 1959. It is a public legal entity endowed with financial autonomy. Its primary responsibilities include issuing the Moroccan dirham, implementing monetary policy to ensure price stability, supervising the banking sector, managing foreign exchange reserves, and ensuring the stability and security of payment systems. Bank Al-Maghrib plays a crucial role in Morocco's economic development and financial stability, advising the government on financial and monetary matters.
Serves as the primary administrative and operational center for Bank Al-Maghrib, housing its governing bodies, key departments for monetary policy, banking supervision, currency issuance, and international relations.
The headquarters building in Rabat is a modern architectural landmark, known for its imposing facade and state-of-the-art facilities, reflecting the bank's importance and stability. It includes high-security areas for currency operations and data centers.
The work culture at Bank Al-Maghrib's headquarters is typically formal, professional, and mission-driven, characterized by a strong emphasis on precision, integrity, and public service. Employees are often highly qualified economists, financial analysts, and regulatory experts.
The headquarters is of paramount significance as it is where critical decisions affecting Morocco's economy are made, including setting interest rates, managing inflation, and ensuring the health of the financial sector. It symbolizes the nation's monetary sovereignty.
Bank Al-Maghrib primarily operates within Morocco but maintains a significant international presence through its active participation in global financial institutions such as the International Monetary Fund (IMF), World Bank, Bank for International Settlements (BIS), and the Arab Monetary Fund. It manages Morocco's foreign exchange reserves, engages in correspondent banking relationships with other central and commercial banks worldwide, and collaborates on international regulatory standards and financial stability initiatives. Its global engagement supports Morocco's integration into the world economy and ensures alignment with international best practices.
Avenue Moulay Hassan
Rabat
Rabat-Salé-Kénitra
Morocco
Address: Boulevard de Paris, Casablanca
To support the significant volume of financial and commercial activities in Casablanca, ensuring liquidity and operational efficiency for banks and businesses.
Address: Avenue Mohammed V, Gueliz, Marrakech
Facilitate financial operations, manage currency circulation, and support economic development in a vital tourist and agricultural region.
Address: Boulevard Pasteur, Tangier
To support the dynamic economic activity in northern Morocco, driven by international trade, industry, and logistics.
Address: Avenue Hassan II, Fes
To ensure the provision of central banking services, manage cash flow, and support the local banking network in this historically and culturally rich region.
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As of April 2025, Bank Al-Maghrib' leadership includes:
Bank Al-Maghrib has been backed by several prominent investors over the years, including:
Bank Al-Maghrib's executive team has maintained stability in its key leadership positions over the last 12 months, with no major widely publicized new hires or departures at the top-most levels. Continuity in governance is characteristic of central banking institutions, ensuring consistent monetary policy and financial oversight.
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Bank Al-Maghrib likely uses a standardized email format for its employees, common for governmental and financial institutions. While not publicly confirmed, a probable format involves the first initial followed by the last name.
[first_initial].[lastname]@bkam.ma or [firstinitial][lastname]@bkam.ma
Format
a.jouahri@bkam.ma
Example
75%
Success rate
Reuters • May 28, 2024
Bank Al-Maghrib regularly holds monetary policy meetings to assess economic conditions and make decisions on its key interest rate. Recent announcements often focus on inflation forecasts, economic growth projections, and measures to maintain financial stability. For example, in March 2024, BAM kept its benchmark interest rate unchanged at 3%....more
Morocco World News • April 15, 2024
Bank Al-Maghrib is actively working on the development of a central bank digital currency (CBDC), often referred to as the digital dirham. Recent updates suggest ongoing research and pilot programs to explore its feasibility and potential benefits for the Moroccan economy, including enhancing financial inclusion and payment efficiency. The first phase was anticipated for 2024....more
Bank Al-Maghrib Official Website • July 17, 2023
Bank Al-Maghrib periodically releases its Financial Stability Report, providing a comprehensive analysis of the Moroccan financial system's resilience, identifying potential risks, and outlining measures taken to mitigate them. The 2022 report (published in 2023) highlighted the banking sector's robustness despite global economic uncertainties....more
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