فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Contrary to rumors circulating in recent days, consistent sources have confirmed that Abdellatif Jouahri will continue to serve as Governor of Bank Al-Maghrib beyond 2025. The sources stressed that the governor’s mandate is not linked to the end of the Board of Directors’ term, but is instead subject exclusively to a sovereign decision.
The legal framework governing Bank Al-Maghrib—particularly the provisions of Article 30 of the institution’s founding law—clarifies that the term of independent board members appointed by the Head of Government differs from that of the governor. The latter remains renewable and independent of the board’s timelines.
According to the same sources, the mandate of the Board of Directors, which began in 2019, is expected to end by late 2025, in line with established practice. New nominees are typically proposed between December and February, ahead of the anticipated board meeting in March 2026. This process, however, does not apply to the Governor of Bank Al-Maghrib, who is appointed and whose term is renewed by Royal Decree, making any decision regarding his continuation or replacement the exclusive prerogative of His Majesty the King.
In this context, the sources indicate that no change in the governor’s position is expected in 2026, given the sensitivity of the upcoming economic phase. This period is marked by continued efforts to control inflation and the rollout of new financial initiatives, including the regulation of digital assets, the development of the secondary debt market, and the strengthening of risk-management mechanisms within banks and credit institutions.
The Board of Directors of Bank Al-Maghrib—chaired by Abdellatif Jouahri—is the supreme body responsible for setting monetary policy orientations and overseeing the banking system. It is composed of members appointed for six-year terms, in addition to the Director General and representatives of financial institutions—positions that are expected to be renewed before the end of next February.
The board holds regular meetings at least once every three months to determine monetary policy directions, manage foreign exchange reserves, oversee the issuance of the national currency, and monitor the institution’s financial and accounting management.
The governing laws stipulate that board deliberations are valid only with the presence of an absolute majority of members, with the possibility of convening extraordinary meetings at the request of the chair or three members—ensuring continuity of governance and institutional stability.
Overall, these elements underscore that Abdellatif Jouahri’s continuation at the helm of Bank Al-Maghrib is a clear legal and sovereign matter, and that claims regarding the end of his term by the close of 2025 remain unfounded interpretations.
Source: Fes News Media
