Morocco sees drop in bounced cheques in 2024 as amnesty boosts settlements

Bounced Cheques Plummet in Morocco: Amnesty Program Drives Settlement Surge

Casablanca – Bank Al-Maghrib reports a significant drop in cheque payment incidents during 2024, signaling a positive shift in financial stability. The Central Cheque Payment Incident Registry recorded 487,613 cases, representing a 4.7 percent decline compared to the previous year.

Value of Incidents Down Sharply

The total value of these incidents also fell to 16.1 billion dirhams, a 4 percent decrease from the previous year. This downward trend is attributed in part to an amnesty program that encouraged individuals and businesses to settle outstanding cheque payments.

According to Bank Al-Maghrib's 2024 annual report, the number of settlements surged [...]. This indicates a positive response to the amnesty initiative, leading to improved financial health within the Moroccan economy.