Assahafa.com
Bank Al-Maghrib’s (BAM) monetary statistics for November show strong growth in Morocco’s liquidity indicators, with cash in circulation and bank deposits posting significant annual increases.
Cash in circulation reached MAD 484 billion ($52.99 billion), up 13.1% year-on-year, accelerating from 11.7% in October.
This represents an increase of MAD 56 billion ($6 billion) compared with November 2024, and shows sustained demand for cash.
At the same time, monetary bank deposits rose to MAD 1.315 trillion ($144 billion), marking a 7.3% annual increase, or MAD 88.9 billion ($9.7 billion) in absolute terms. This trend notes the continued growth in resources collected by the banking system.
Demand deposits, a key component of liquidity, climbed to MAD 952 billion ($104 billion), up 10.2% year-on-year, confirming their central role in banking liquidity despite a slight slowdown from October’s growth.
Overall, Morocco’s money supply expanded by 8.3% in November 2025, reaching MAD 2.011 trillion ($220 billion).
These figures point to a resilient financial system and steady monetary expansion, supporting continued economic activity.
In addition to the growth in cash circulation and bank deposits, Morocco is also focusing on expanding digital payment systems as part of its broader financial modernization efforts.
The government and financial institutions are working to promote the adoption of mobile wallets, contactless cards, and online banking to reduce reliance on cash.
Source: Morocco word news
