Morocco Currency Reform on Right Track
Morocco Currency Reform on Right Track

Morocco Currency Reform on Right Track

Morocco Currency Reform on Right Track

Few weeks after the launch of the gradual dirham float, the International Monetary Fund has advised Morocco to maintain the current reform pace with a view to strengthening the economy’s competitiveness, AllAfrica reported. “Unlike other emerging economies, Morocco didn’t loosen currency restrictions under pressure, so authorities can take their time with future steps,” Nicolas Blancher, the IMF’s mission chief for Morocco, told the press in a conference call. Morocco is adopting a policy that enables an “orderly and gradual” transition, Blancher said. Morocco started on January 15 the gradual floating of its currency, raising the official band of dirham’s fluctuation to 2.5% above or below the official rate from the previous 0.3%. Authorities said the measure was part of a broader plan to boost growth by opening the Moroccan economy and making it more resistant to external shocks.


Short URL : https://goo.gl/aS1ot3
  1. https://goo.gl/5wSyKU
  • https://goo.gl/HwQ4nQ
  • https://goo.gl/nAZUoZ
  • https://goo.gl/Kde1Jy
  • https://goo.gl/s1Rnze

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Fitch Upgrades India’s Growth Forecast to 7.8%
US multinational Fitch Ratings on Friday raised India’s GDP...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...

Add new comment

Read our comment policy before posting your viewpoints