Written by: Qusay Ahmed

The Moroccan dirham exchange rate recorded a stable performance during the week of April 16-22, 2026, according to the weekly bulletin issued by the Central Bank of Morocco, which monitors the most prominent developments in the monetary and financial market in the Kingdom.

Moroccan Dirham exchange rate

The Central Bank explained that the dirham saw a slight increase of 0.3% against the unified European currency, the euro, while it remained almost stable against the US dollar, reflecting a relative balance in the exchange market during this period, in the absence of significant pressures on the national currency from either the supply or demand side.

The report noted that the Bank of Morocco did not conduct any auction operations in the foreign exchange market during the same week, which reinforces the significance of the recorded stability and reflects the lack of need for direct intervention to support market balance or guide the exchange rate.

Reserves of the Central Bank of Egypt

Regarding international reserves, the bank revealed that official reserve assets amounted to AED 462.3 billion as of April 17, 2026, registering stability compared to the previous week.

However, these assets showed remarkable year-on-year growth of 19.8%, reflecting an improvement in the Kingdom’s external liquidity position and its ability to cope with global economic fluctuations.

The level of reserves is an important indicator of the strength of the Moroccan economy, as it provides a safety margin that enables monetary authorities to intervene when necessary to maintain currency stability and ensure financing for essential imports.

Global tensions

This performance comes in a volatile international economic context, especially with the continued effects of global monetary policies and interest rate movements in major economies, along with geopolitical tensions casting a shadow over financial markets.

Thus, the Moroccan economy continues to demonstrate a degree of resilience in the face of external challenges, supported by prudent monetary management and comfortable reserves, which enhances investor confidence in the stability of the Kingdom’s financial market.