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ناظورسيتي
Morocco warns as cash hits 491 billion dirhams
The Bank of Morocco's report revealed that the volume of circulating cash in the kingdom reached approximately 491 billion dirhams in 2025, representing an 18.5% increase compared to 2024. This amount accounts for about 28.5% of the Gross Domestic Product (GDP). The heavy reliance on cash reflects a preference for cash transactions in sectors such as commerce, construction, and freelance professions, as well as the tendency to use cash during periods of uncertainty and crises. The bank aims to promote the digital transformation of payments by increasing the availability of digital services, encouraging electronic payments, and launching a unified national platform based on QR code technology. Additionally, efforts are underway to reduce transaction costs and expand access to financial services, especially in rural areas. Although the percentage of adults with bank accounts rose to 58% in 2024, dependence on cash remains widespread. Therefore, it is necessary to enhance confidence in electronic payment methods, ensure better protection against fraud, and integrate the informal economy—estimated to constitute approximately 34% of GDP between 2021 and 2023.
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