| The Data: Coverage, Periodicity, and Timeliness |
| Coverage characteristics | 5.1.1 Statistical presentation
- The international reserves data are compiled at the end of the period in millions of dirhams and/or U.S. dollars. They constitute the official exchange reserves and are disseminated in two different formats:
- Net foreign assets of Bank Al-Maghrib;
- International reserves and foreign currency liquidity (Template).
- The Net foreign assets (NFA) are calculated as the difference between gross foreign assets (GFA) and the central bank’s external commitments.
GFA include gold assets, IMF subscription/reserve tranche, SDR holdings, and assets in convertible foreign exchange.
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| Periodicity | 4.1.1 Periodicity
- Weekly and monthly for the net foreign assets of Bank Al-Maghrib.
- Monthly for the Data Template for International Reserves and Foreign Currency Liquidity.
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| Timeliness | 4.1.2 Timeliness
- The 7th day after the closing date of the weekly and monthly summary financial statements of Bank Al-Maghrib for the foreign assets data.
- The 30th day after the end of the reference period for the Data Template for international reserves and foreign currency liquidity.
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| Access by the Public |
Advance dissemination of
release calendar | 5.1.3 Advance release calendar
- A release calendar is announced in advance and is available on the Bank Al-Maghrib website (www.bkam.gov.ma)
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Simultaneous release to all
interested parties | 5.1.4 Simultaneous release
- The data are released simultaneously to all interested users using Bank Al-Maghrib's website.
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| Integrity |
Dissemination of terms and
conditions under which
official statistics are
produced, including those
relating to the confidentiality
of individually identifiable
information | 0.1.1 Responsibility for collecting, processing, and disseminating statistics
- Law N°1-59-233 containing the charter of Bank Al-Maghrib, as amended by Law N°1-93-386 of October 6, 1993 (available on the Bank’s website), makes the BAM responsible for exchange reserves management. Accordingly, Bank Al-Maghrib compiles and disseminates all statistics on the exchange reserves.
1.3.1 Guidelines for staff behavior
- All changes in methodology are explained in footnotes in the weekly and monthly tables on exchange reserves and, where applicable, developments in the Bank’s publications (Monthly monetary statistics, monthly economic report, quarterly bulletin, and annual report) as well as on the Bank’s website.
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Identification of internal
government access to data
before release | 1.2.2 Internal governmental access to statistics prior to release
- Government officials have no access to the data before their release.
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Identification of ministerial
commentary on the occasion of
statistical releases | 1.2.3 Attribution of statistical products
- The weekly and monthly data are released without ministerial commentary.
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Provision of information
about revision and advance
notice of major changes in
methodology | 4.3.1 Revision schedule
- Reserves data are final when published, unless exceptional circumstances.
1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques.
- All changes in methodology are explained in footnotes in the weekly and monthly tables on exchange reserves and, where applicable, developments in the Bank’s publications (Monthly monetary statistics, monthly economic report, quarterly bulletin, and annual report) as well as on the Bank’s website.
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| Quality |
Dissemination of
documentation on methodology
and sources used in preparing
statistics | 5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques
- The international reserves data are taken from the financial statement of Bank Al-Maghrib prepared in accordance with the principles of its own chart of accounts of January 2005, based on the accounting entries made both by Bank Al-Maghrib central administration and its branches.
(See also summary methodology)
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Dissemination of component
detail, reconciliations with
related data, and statistical
frameworks that support
statistical cross-checks
and provide assurance of
reasonableness | 4.2.3 Intersectoral and cross-domain consistency
- The international reserves data disseminated in the Data Template for International Reserves and Foreign Currency Liquidity are consistent with those in the weekly and monthly tables on foreign assets, as well as with the data in the series of monthly monetary statistics, the monthly economic report, the quarterly bulletin, and the annual report). They are also reconciled with the overall balance of payments totals.
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Footnotes
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Last posted: Date IMF staff last posted an update to these metadata
on the DSBB.
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Last certified: Date subscriber last officially certified the
accuracy of these metadata.
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Last updated: Date subscriber last submitted an update of these
metadata to the IMF.
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Dissemination
