On June 23, 2026, Abdellatif Jouahri, Governor of Bank Al-Maghrib, held a press conference following the central bank's board meeting. He stated that Morocco has initiated discussions with several countries, including France, to establish bilateral currency swap agreements. These agreements aim to provide liquidity and support the country's foreign exchange reserves.
Jouahri emphasized that the talks are at an early stage and no final agreements have been signed yet. He noted that such swaps are common among central banks to facilitate trade and financial stability. The governor did not disclose specific amounts or timelines.
The announcement comes as Morocco seeks to diversify its financial partnerships and reduce reliance on traditional borrowing. The central bank's reserves have been under pressure due to global economic conditions and import costs.
