ABSTRACT
The Banque d’État du Maroc was established in the winter-spring of 1907, 100 years ago. Its first meeting of shareholders was held on 25 February (a Monday). The creation of the Banque had been ordained in the Treaty of Algeciras, signed by the representatives of 13 countries (Morocco, 11 European countries – France, Germany, Austria-Hungary, Belgium, Denmark, Spain, United Kingdom, Italy, Netherlands, Portugal, and Sweden – and the USA)1 the year before (7 April 1906). The Treaty in turn was one more link in the chain of encroachments upon Morocco’s sovereignty by European countries, in a process which would, six years later, lead to the division of Morocco into the French and Spanish protectorates. Morocco thus remained divided and subjected to colonial status from 1912 until 1956, when independence was proclaimed by King Mohammed V and recognized by France, Spain, and the other foreign powers.
