The history of Morocco’s currency… from Hassani rial and Moroccan franc to dirhams

In 1881, Sultan Moulay El Hassan introduced the «Hassani rial» as a modern coinage for Moroccans. When French took control of Morocco «franc» replaced «rial». The latter was also replaced by «Moroccan dirham» when the Kingdom broke free from the French.

Morocco to take a breath this year from its gradual more flexible exchange rate

Morocco's net international reserves down 1.8%

Bank al-Maghrib sets dirham band on the first day of the new exchange rate regime

Morocco to launch a new exchange rate regime on Monday

Morocco is ready to abandon its currency in order to join ECOWAS, according to Marcel de Souza

Moroccans panic while waiting for the announcement of the new exchange rate regime

It is still unclear when the Moroccan government and most precisely the central bank would announce the final phase of the new exchange rate currency. Waiting for the major step to be taken, Moroccan companies are expecting a worst case scenario. Details.

Managed floating in Morocco : Would a 5% fluctuation band be higher than expected ?

The process of floating the national currency has not been finalized yet. The central bank is still obligated to set a fluctuation band that would tie the value of the dirham through a managed float highly suggested by the International Monetary Fund. Announced as a potential 5% fluctuation band by the Head of the government, the CGEM alongside the GPBM both deem it higher than they had expected. 

Dirham liberalization needs further studies, says El Othmani

The Central Bank delays the announcement of currency liberalization