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Bank Al-Maghrib Reports Reduced Forgery and Increased Cash in Morocco
The Bank of Morocco announced a decrease in the rate of counterfeit banknotes to 1.2 notes per million in circulation in 2025, despite the increase in cash transactions to 513 billion dirhams—rising by 15.5% compared to 2024—with 4,064 counterfeit notes detected, valued at 574,000 dirhams. The data highlighted that banknotes of 200 and 100 dirhams accounted for 77% of counterfeiting cases, with the number of fake notes decreasing by 10% compared to the previous year, thanks to improved security features and the use of advanced detection devices. Despite increased liquidity, active cash circulation continued strongly, with the ratio of cash in circulation to GDP reaching 30%, and 388 million banknotes being destroyed during the year.
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