The Moroccan dirham experienced a depreciation against the US dollar in early trading on Tuesday, June 23, 2026. The initial central USD/MAD exchange rate, as reported by Bank Al-Maghrib (BAM), indicated this decline around 8:30 AM local time. Further details regarding the extent of the depreciation were not immediately available in the initial report. This development is being closely watched as it impacts Morocco’s import costs and foreign exchange reserves. Bank Al-Maghrib is the central bank responsible for managing Morocco’s monetary policy and currency. The news was first reported by Médias24, a leading Moroccan economic news source. The cause of the dirham’s weakening was not specified in the brief announcement.