Transactions in the country's banking sector, conducted through the Central Bank, reached the highest level ever by the end of the first 10 months of 2024, totaling approximately 16.1 trillion dirhams. Of this amount, 10 trillion and 161 billion dirhams were transferred between banks, while five trillion and 976 billion dirhams were exchanged among financial operations participants.
According to data released by the Central Bank yesterday, the value of checks processed using their digital images through the "Central Bank" system reached 1.1 trillion dirhams for 18.7 million checks by the end of last October. The total amount withdrawn from the Central Bank was 171.6 billion dirhams, while bank deposits amounted to 159.3 billion dirhams.
The Central Bank noted that the banking accounts of individuals in the country increased by 77 billion dirhams in the first 10 months of 2024, reaching a total of 730 billion dirhams by the end of last October, compared to 653 billion dirhams at the end of 2023, reflecting an increase of 11.8%.
According to the Central Bank's data, total savings deposits by the end of October last year amounted to 308 billion dirhams, compared to 273 billion dirhams at the end of December 2023, marking an increase of 35 billion dirhams and a growth of 12.8%.
The Central Bank indicated that its gold reserves at the end of October last year amounted to 24 billion and 464 million dirhams, compared to 18 billion and 147 million dirhams at the end of December 2023, representing a significant increase of 6 billion and 317 million dirhams, equivalent to a growth of 34.8% over the first 10 months of last year.
