HIBAPRESS
Bank of Morocco announced that the dirham depreciated by 1.4% against the euro between August and September 2026.
The central bank explained in its latest monthly bulletin on the economic, monetary, and financial situation that the national currency depreciated by 2% against the US dollar, noting that the euro depreciated by 0.5% against the US dollar.
In August 2026, the volume of foreign currency exchanges against the dirham in the interbank market increased by 88.1% compared to the previous year, reaching 29.6 billion dirhams.
Regarding interbank operations with their clients, cash purchases by clients amounted to 33.9 billion dirhams in August, compared to 32.2 billion dirhams a year earlier, while forward purchases reached 18.6 billion dirhams, compared to 14.9 billion dirhams in August 2025.
Concurrently, cash sales amounted to 36.3 billion dirhams compared to 30.7 billion dirhams, while forward sales reached 2.3 billion dirhams compared to 1.4 billion dirhams.
