In less than a week, the new exchange rate regime is making headlines in the Morocco and the world. In an interview, the head of HCP expressed his worries about the rise of inflation.
According to Fitch Ratings, Morocco’s liberalization of the Dirham would have little impact on banks. Floating the currency gradually will help secure the process as the value of the Dirham will be managed carefully by the Central bank.
Moroccan banks’ expansion in Africa has been recently one of the most important drivers of the Kingdom's economy. However, the African market remains a risky option.