Morocco detects 4,064 counterfeit banknotes in 2025 as cash in circulation hits MAD 513 billion

Morocco’s central bank detected 4,064 counterfeit banknotes worth nearly MAD 574,000 ($57,000) in 2025, a 10% decline from the previous year, even as cash in circulation surged to a record MAD 513 billion, according to Bank Al-Maghrib’s annual report on financial market infrastructure and payment me