Morocco's foreign exchange reserves hit a record high of approximately 500 billion dirhams ($49 billion) as of May 29, 2026, according to official data from Bank Al-Maghrib. This milestone strengthens the country's ability to meet external obligations and provides a buffer against global economic shocks.
The surge is attributed to a combination of factors, including robust remittances from Moroccans abroad, a recovery in tourism receipts, and increased foreign direct investment. The reserves now cover over six months of imports, well above the international benchmark of three months.
Economists note that the record level reflects improved confidence in Morocco's economic management, though they caution that global uncertainties, such as commodity price volatility and slower growth in key trading partners, could pose risks. The central bank has maintained a prudent monetary policy to support the dirham's stability.
