Bank Al-Maghrib
The Bank Al-Maghrib (Arabic: بنك المغرب, lit. 'Bank of Morocco') is the central bank of the Kingdom of Morocco. It was founded in 1959 as the successor to the State Bank of Morocco (est. 1907). In 2008 Bank Al-Maghrib held reserves of foreign currency with an estimated worth of US$36 billion. In addition to currency management, the Bank Al-Maghrib also supervises a number of private banks supplying commercial banking services. The bank is headquartered on Avenue Mohammed V in Rabat; it has a branch in Casablanca and agencies in 18 other cities in Morocco.
| Headquarters | Rabat, Morocco |
|---|---|
| Coordinates | 34°01′10″N 6°50′09″W |
| Ownership | 100% state ownership |
| Governor | Abdellatif Jouahri |
| Central bank of | Morocco |
| Currency | Moroccan dirham MAD (ISO 4217) |
| Reserves | 21 390 million USD |
| Website | www |
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