1. The paid-up capital of the Central Bank shall be twenty billion (20,000,000,000) Dirhams. 2. The Central Bank shall maintain a ‘General Reserve Account’ for the purpose of building capital reserves from net profits it realizes annually. The formation, amount and regulation of such reserve shall be determined by a decision of the Board of Directors. 3. The capital of the Central Bank may be increased from time to time, and such increase may be made from the General Reserve Account by a decision issued by the Board of Directors after coordination with the Minister. 4. The capital of the Central Bank may be increased, and such increase may be funded by the Government, pursuant to a federal decree issued based on a proposal by the Board of Directors, after agreement with the Minister and the presentation of the Chairman of the Presidential Court. 5. The capital of the Central Bank shall only be reduced by law.
Interpretation and application must be checked against the official text and current version.