Most Moroccans have little confidence in transactions using modern banking applications and prefer cash. The Central Bank of Morocco acknowledges that Morocco is ranked among the first countries in the world in which cash dealing prevails.
Banknotes in circulation, “cash,” are known to continue to rise in Morocco. According to the British research platform “Merchant Machine,’ Morocco ranks among the twenty countries most dependent on cash performance in 2022. The other sector is the informal sector, which represents about 30% of economic activity.