Moroccans trade in 200 dirham bills more than any other category of money, according to Bank Al-Maghrib – Hoy 24

Bank Al-Maghrib reported that credit trading has returned to its normal pace, rising 5.6 percent in 2021 from 20.1 percent in 2020, following an exceptional acceleration against the backdrop of the health crisis.

In its annual report on the economic, monetary and financial situation, the bank indicated that the distribution by type of money indicates that bank notes registered a growth of 5.4 percent to 2.3 billion notes, while coins increased by 3.1 percent to 3 billion pieces.

The same source added that the analysis by currency denomination indicates the predominance of banknotes in the 200 dirham category, with a share of up to 55 percent, while the 1 dirham denomination dominates with 29 percent for the coins.

In order to ensure the national economy is supplied with new banknotes and coins, in 2021 the Bank produced a total of 500 million banknotes and 103 million coins.

An additional quantity of up to 40 million 200 dirham notes was also produced to restructure the stock under the business continuity scheme.

On the other hand, the report revealed that Bank Al-Maghrib and special sorting centers have made 3.1 billion banknotes available to banks, following an increase of 4.3 percent compared to last year, mainly related to the strengthening banknote recycling operations.

These operations, carried out in 90 percent by the services of the special sorting centers, made it possible to meet the equivalent of 83 percent of the needs, while the rest of the demand was covered with new bills withdrawn from the windows of Banco Al -Maghreb.