Morocco's official reserve assets stood at 469.8 billion Moroccan dirhams (MMDH) at the end of April 2026, marking a 23.4% increase compared to the same period last year, according to data from the country's central bank, Bank Al-Maghrib.
The significant rise in reserves reflects improved foreign exchange inflows, driven by a combination of factors including robust remittances from Moroccans living abroad, a recovery in tourism revenues, and foreign direct investment. The reserves provide a crucial buffer for the North African economy against external shocks.
Bank Al-Maghrib's latest figures, released in May 2026, indicate that the reserves cover over five months of imports, well above the international benchmark of three months. This strengthens Morocco's financial stability and its ability to meet international obligations.
Economists view the growth in reserves as a positive sign for the Moroccan economy, which has been navigating global uncertainties. The central bank continues to monitor monetary conditions to ensure sustainable economic growth while maintaining price stability.
