Currency rates in Morocco on Monday, March 8, 2021

The exchange rates of the euro, the dollar and the pound against the Moroccan dirham on Monday (March 8th, 2021) stabilized, according to the Bank of Morocco.

For the third day in a row, the prices of the Saudi riyal, the Uae dirham and the Kuwaiti dinar have stabilized.

The euro price at the Central Bank of Morocco remained at 10.33 AED 10.33 for purchase and 12.01 for sale.

The dollar in Morocco settled at 8.64 dirhams for purchase and 10.04 dirhams for sale.

The purchase price of sterling was 11.99 dirhams for purchase and AED 13.94 for sale.

Rial and dinar prices
The Price of the Saudi Riyal on the Screens of the Central Bank of Morocco was 2.30 dirhams for purchase and 2.67 dirhams for sale.

The Uae dirham was 2.35 Moroccan dirhams for purchase and AED 2.73 for sale.

The Kuwaiti dinar in Morocco was priced at 28.53 dirhams for purchase and 33.16 dirhams for sale.

Trade deficit
Morocco’s trade deficit shrank last year, compared with 2019 figures.

The Moroccan Exchange Office said the trade deficit shrank by 23.1% to 158.6 billion dirhams ($17.6 billion) in 2020.

Morocco’s labour remittances abroad increased by 5% to 67.99 billion dirhams from 64.77 billion dirhams in 2019.

Morocco has a foreign exchange balance of about $33 billion, covering more than 7 months of imports of goods and services.