The Bank Al-Maghrib (Banque Centrale du Maroc) is the central bank of the Kingdom of Morocco. In addition to currency management, the Bank Al-Maghrib also supervises a number of privatized banks supplying retail services. The fundamental missions of Bank Al-Maghrib is to exercise the privilege of issuing banknotes and coins that are legal tender in the Kingdom, to implement monetary policy instruments in order to ensure price stability, to see to the stability of the currency and to its convertibility.