Morocco: the central bank continues its series of international agreements

Abdellatif Jouahri, Governor of Bank Al Maghrib.

Morocco’s Central Bank signed a Memorandum of Understanding with the Financial Services Authority of Dubai on Wednesday (March 13th) for cooperation in the licensing and supervision of banks based in Morocco and Dubai .

Bank Al-Maghrib is continuing its series of international collaboration with sister institutions. On 14 November 2018, it signed a cooperation agreement with the Central Bank of Portugal (BoP) with the aim of strengthening their partnership and establishing a formal framework for bilateral relations between them.

On 16 November, the Moroccan and Tunisian central banks signed two cooperation agreements on the formalization of cooperation between the two institutions, and on their cooperation in banking supervision and information exchange.

One of them had « the purpose of organizing and implementing cooperation actions between the two authorities, particularly in the areas of cross-border supervision, on-the-spot checks, handling of difficulties and resolution. banking, supervisory institutions subject, exchange of experience in supervision and banking regulations, « said the Tunisian Central Bank (BCT).

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