Bank al-Maghrib

The Bank al -Maghrib (Arabic بنك المغرب, al - Maghrib Bank DMG ) is the central bank of Morocco. It was founded in 1959 and is based in Rabat. So you joined the successor to the Institute Banque d'Etat du Maroc, which was founded in February 1907 as Aktiengesellschaft. A prerequisite was the international conference in Algeciras on April 7, 1906 in the twelve European countries and the United States of America had decided the independence of Morocco and the independence in business and commerce.

The Bank is currently home to foreign exchange reserves worth an estimated $ 36 million (value of 2008). In addition to managing the currency of the Bank al -Maghrib monitors a number of private banks, which offer customers services.

For bank also includes several specialized subsidiaries affiliated companies. In 1919, the Caisse des mortgage was set up; followed Agricultural Credit Banks ( 1926), the Casablanca Wertpapierthandel (1929 ), which today serves as the official securities settlement, and the Central Guarantee Fund (1949 ).

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