Bank Al-Maghrib categorically denies the information that the euro is currently worth 18 dirhams

Bank Al-Maghrib categorically denies the information that the euro is currently worth 18 dirhams

Bank Al-Maghrib (BAM) categorically denied on Wednesday the information circulating on certain sites, according to which the euro is currently worth 18 dirhams.

In a press release, the central bank assures that the reference exchange rate for the day of January 18, 2023 stood at nearly 11 DH for one euro. And to point out that the only reliable source for the exchange rates of the dirham is the portal of Bank Al-Maghrb as well as Bloomberg and Refinitiv during the opening hours of the Moroccan exchange market. BAM also indicates that it is possible to check the level of the euro exchange rate against the dirham through the following link:

Several Internet users were surprised, this Wednesday afternoon, by information posted by certain sites, including the Google search engine, evoking a sharp depreciation of the dirham against the euro.

At a time when the dirham/euro parity was around 11 DH according to official data from Bank Al-Maghrib, said sites claimed that the euro would have exceeded 18 DH.

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