Morocco · Story · Markets
Moroccan Dirham depreciation against Euro and Dollar
The Moroccan dirham has significantly depreciated against the euro and dollar, impacting import costs and trade balance.
Running story — the local press covered it again on 26 October 2026.
The story so far as of 26 October 2026
On 9 October, the Moroccan dirham depreciated by 3.9% against the euro and 6.9% against the dollar since 31 August, attributed to rising global inflation and declining phosphate revenues. On 26 October, it was reported that the dirham faced its most significant depreciation since 2022, with the USD/MAD and EUR/MAD pairs gaining 7.2% and 2.4% respectively since the start of the year, due to tightening foreign currency liquidity driven by energy, phosphates, and dividends.
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Coverage, day by day
- Markets
Dirham faces significant depreciation in 2026
Impact Importers and companies with foreign currency obligations face increased costs due to the dirham's depreciation.
Sources: Telquel ↗
- Markets
Dirham depreciates against euro and dollar
Impact Importers face higher costs due to the dirham's depreciation, impacting pricing and profitability.
Sources: Telquel ↗
Sources in this story
- Telquel 2
Sources: each headline links to the original article on the publisher's site.