Casablanca, Morocco – The Moroccan dirham experienced a slight depreciation against the U.S. Dollar on Monday, March 9, 2026, while remaining relatively stable against the euro, according to reports from several Moroccan financial news outlets.
The exchange rate between the dirham and the dollar saw a shift, though specific figures were not immediately available in reports. This move occurs as Bank Al-Maghrib, the central bank of Morocco, continues to manage a more flexible exchange rate regime adopted in 2018, based on a currency basket composed of 60% Euro and 40% U.S. Dollar. Currency conversion details are available online.
Against the euro, the dirham exhibited greater stability. L’Economiste reported the dirham was “quasi-stable” against the European currency.
Morocco’s foreign exchange reserves also saw an increase, reaching 462 billion Moroccan dirham (MMDH), as of March 9, 2026. H24info detailed the rise in reserves, indicating a healthy financial position for the country.
These indicators come as Bank Al-Maghrib publishes its weekly indicators. Article19.ma highlighted five key points from the latest report, though specific details were not provided in the available sources.
The Moroccan dirham is the official currency of Morocco, issued by Bank Al-Maghrib. Current exchange rates and historical data are available on Google Finance. The currency is divided into 100 santimat.
