Bank Al-Maghrib (Central Bank of Morocco)

By: EconomyWatch   Date: 8 September 2010

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The Bank Al-Maghrib is the central bank of the Morocco. The bank was founded in the year 1959. Since then the bank has been operating with an objective of maintaining the price stability in the country by checking the rate of inflation in the country.

Important responsibilities of the bank are as follows:

  • Issuance of Currency and Notes
  • Maintenance of Price Stability
  • Promotion of Money and Financial Market
  • Management of Foreign Exchange Reserves
  • Regulation of the Banking System
  • Financial agent of the Government

The Address and Contact details of the bank is as follows:

 

Bank Al-Maghrib

 

Address: B.P. 445 Rabat MOROCCO
Phone No.: ++212-7-70 26 26
Fax: ++212-7-70 66 77

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