Morocco · Story · Markets
Moroccan Dirham depreciation against Euro and Dollar
The Moroccan dirham has significantly depreciated against the euro and dollar, impacting import costs and trade balance due to rising inflation and declining phosphate revenues.
Running story — the local press covered it again on 26 October 2026.
The story so far as of 26 October 2026
On October 9, 2026, it was reported that the Moroccan dirham had depreciated significantly against the euro and dollar, with increases of 3.9% and 6.9% respectively since August 31. This depreciation was attributed to rising global inflation, interest rates, and a growing import bill due to declining phosphate revenues. On October 26, it was noted that the dirham faced its most significant depreciation since 2022, with the USD/MAD and EUR/MAD pairs gaining 7.2% and 2.4% since the start of the year, driven by tightening foreign currency liquidity.
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Coverage, day by day
- Markets
Dirham faces significant depreciation in 2026
Impact Importers and companies with foreign currency obligations face increased costs due to the dirham's depreciation.
Sources: Telquel ↗
- Markets
Dirham depreciates against euro and dollar
Impact Importers face higher costs due to the dirham's depreciation, impacting pricing and profitability.
Sources: Telquel ↗
Sources in this story
- Telquel 2
Sources: each headline links to the original article on the publisher's site.