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The Central Payment Incidents Database recorded 487,613 payment incidents in 2024, down 4.7% from the previous year, according to Bank Al-Maghrib (BAM). The total value of these incidents also fell 4% to MAD 16.1 billion (USD 1.77 billion).
Morocco’s central bank, Barid Al Maghrib (BAM), reported fewer check payment issues in 2024, even as the country’s credit market continued to grow steadily.
The Central Payment Incidents Database recorded 487,613 payment incidents in 2024, down 4.7% from the previous year, according to Bank Al-Maghrib (BAM). The total value of these incidents also fell 4% to MAD 16.1 billion (USD 1.77 billion).
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However, people resolved more payment problems than before. The number of regularizations jumped 50.4% to 192,346 cases, while the total amount nearly doubled to MAD 5.4 billion (USD 594.288 million). BAM attributes this increase mainly to an amnesty program for people who wrote bad cheques throughout 2024.
