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    BANKING

    January 22, 2018

    Dirham Flexibilization: Bank Al Maghrib Criticizes JP Morgan’s Speculations

    Faced with the public apprehension and alarming forecasts of international organizations regarding the devaluation of the dirham devaluation of the dirham, Moroccan authorities work toward"...

    January 21, 2018

    IMF says Moroccan economy to accelerate in the medium term

    The IMF said it expects Morocco's economy to accelerate over the medium term amid a slew of reforms including monetary policy liberalisation that has seen greater flexibility in the exchange rate.

    'Morocco's"...

    January 20, 2018

    Morocco finmin: launching new FX system step by step, watching impact closely

    Morocco is launching a flexible currency exchange system in a step-by-step process while remaining aware of any potentially negative impact on people’s purchasing power, the finance minister said on Thursday.

    Mohammed"...

    January 20, 2018

    Morocco central banker says FX move to raise inflation and growth

    The flexible exchange rate system introduced this week in Morocco could raise annual inflation by 0.4 percent “in an extreme case” while allowing faster economic growth, the central bank governor said on Thursday.

    On"...

    January 20, 2018

    IMF Executive Board Completes the Third and Final Review under the Precautionary and Liquidity Line Arrangement for Morocco

    • Raising potential growth and making it more inclusive and reducing regional disparities will require sustained reforms.
    • Growth rebounded in 2017 and is expected to accelerate gradually over the medium term, subject to improved external conditions and steadfast reform implementation.
    • Building on recent progress, continued fiscal consolidation...

    January 17, 2018

    Dirham Liberalization: What Should Moroccans Expect

    It’s all what everyone is talking about this week. Since the Moroccan Central Bank and the Ministry of Finance announced the launch of the dirham liberalization reform last Friday, a sense of confusion and apprehension is reigning on the public opinion, despite the continuous reassurance"...

    January 14, 2018

    Morocco to begin dirham liberalisation

    Morocco will start a gradual and controlled liberalisation of its currency the dirham from Monday, Prime Minister Saad-Eddine Al-Othmani said after a cabinet meeting.

    The North African country has had a fixed"...

    January 14, 2018

    Dirham Liberalization: How Will Bank Al Maghrib Feed Trading Rooms?

    Friday night, local media all brandished the same headline: the Dirham liberalization is finally here. After months of confusion, wild speculations and exchanged accusations, the reform of the Moroccan exchange-rate system is due this Monday. But away from the technical jargon, what does this reform really mean? What will change? And how will Bank Al Maghrib intervene from now on in the trading market? The current fixed exchange-rate system means that Bank Al Maghrib meets all the operators’ foreign exchange needs, with no limit......

    January 13, 2018

    Morocco to start floating its currency on Monday after months of hesitation

    After months of hesitation, Morocco decided on Friday to start the gradual floating of its currency dirham on next Monday.

    The decision was announced by the government spokesperson Mustapha El Khalfi during a"...

    January 13, 2018

    Morocco to Introduce Flexible Exchange Rate System for Dirham Monday

    Morocco’s Ministry of Economy and Finance will launch a flexible exchange rate system for dirham currency on Monday, January 12, according to a statement issued on Friday by Morocco’s Ministry of Finance and Economy. The decision made by ministry concerns a new exchange rate regime where the parity of the dirham is determined within a band of fluctuation of ± 2.5 percent against ±0.3 percent currently, compared to a central rate set by Bank Al Maghrib on the basis of a currency basket composed of the EUR and USD......

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