The International Monetary Fund urges Morocco to implement structural reforms

In a detailed annual report, the International Monetary Fund has evaluated the economic and financial situation in Morocco urging it to implement structural reforms. The IMF assessment comes as the Moroccan Central Bank has not announced yet the first phase of the new currency exchange regime.

Morocco is ready to abandon its currency in order to join ECOWAS, according to Marcel de Souza

Al Baraka bank to launch an Islamic finance venture partnering with BMCE

Mohamed Boussaid : the participating banks will start operating is in a few weeks

Dirham liberalization needs further studies, says El Othmani

The Central Bank delays the announcement of currency liberalization

Dirham’s liberalization : can triggering a devaluation be counterproductive ?

Morocco’s plan to start liberalizing its currency through a reform package strongly suggested by the International Monetary Fund is about to be launched. Reacting to the strategic step, economic operators anticipating a devaluation, started converting their assets into Euros and Dollars. Responding to that, Abdellatif Jouahri, the Central bank governor said yesterday that «the reform program does not include devaluation».

Morocco to float Dirham by the end of June