Morocco Central Bank Says Currency Changes Set for 2nd Half 2017Source: www.export-egypt.com 4/20/2017, Location: Africa |
|
|
|
|
|
The Moroccan central bank's initial stage in a programme to liberalise the dirham currency will start in the second half of the year, the bank said in a statement
The statement came a day after Central Bank Governor Abdellatif Jouahri told Reuters the liberalisation would start in the second quarter of the year. "Programming for the start of the currency system change has not changed and will begin in the second half of 2017," the bank statement said. The North African kingdom has been working with the International Monetary Fund on liberalising its currency as its finances have strengthened, helped in part by lower global oil prices that trimmed energy import costs. Late last year, the government said the first stages of a move to a flexible exchange rate would be implemented in the second half of 2017 Jouahri signalled an earlier start. But he said the duration of each phase would depend on the market conditions. The dirham's exchange rate is currently tightly controlled via a 60 percent weighting to the euro and 40 percent to the dollar. |
|
|
Financials and Investment News in Morocco >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Morocco Oil & Gas 1 >> |
