Morocco’s monetary supply exceeds 2 trillion dirhams
The Bank of Morocco reported that the country's monetary base exceeded two trillion dirhams, reaching a level of 2,149.5 billion dirhams in May 2026, representing a 12.1% annual increase. This growth was primarily driven by the acceleration in bank loans to the non-financial sector, which grew by 8.9%, and an increase in net debt to the central government of 11.4%. Additionally, official reserve assets rose by 22.3%, with the growth of credit outside banks accelerating to 22.4%.
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