HIBAPRESS – MAP
The Moroccan central bank reported that the dirham's exchange rate rose by one percent against the US dollar and fell by 0.3 percent against the euro during the period between November and December 2025.
The central bank explained in its latest memorandum on the economic, monetary, and financial situation that these developments come in the context of the euro's rise by 1.3 percent against the dollar, noting that no auction session has been organized by the central bank since December 2021. The volume of currency exchange against the dirham at the interbank market level recorded an annual decrease of 43.2 percent, reaching 22.8 billion dirhams last November. The volume of banks' transactions with their customers increased to 33.1 billion dirhams for cash purchases and 13.8 billion dirhams for future purchases in November 2025, compared to 32.9 billion dirhams and 18.4 billion dirhams respectively in the same month of the previous year. Sales decreased to 31.7 billion dirhams, after 34.2 billion dirhams, and increased to 3.2 billion dirhams, instead of 1.9 billion dirhams, for future sales.
