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Cash trades surpass 490 billion dirhams
According to the 2025 report by Bank Al-Maghrib, cash transactions reached 491 billion dirhams, marking an 18.5% increase compared to 2024, and accounting for 28.5% of the gross domestic product. This rise is attributed to a heavy reliance on cash in the trading, construction, and public works sectors, as well as the economic uncertainty that has led citizens to save and reduce their dependence on the banking system. The informal economy, which accounted for approximately 34% of GDP between 2021 and 2023, exacerbates this phenomenon and hampers financial digitization. To address the growing use of cash, Bank Al-Maghrib has launched a strategy including technological incentives, such as supporting traders through a fund and facilitating digital transformation, aimed at enhancing transparency, reducing dependence on cash, and boosting trust in digital transactions as part of a comprehensive economic reform.
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