Moroccan banks are challenged by weak asset quality, according to Fitch Ratings

Volkswagen in Morocco : No decision has been taken yet according to the German automaker

On Thursday, online newspaper Maghreb Confidential reported that automaker company Volkswagen is to build a plant in Morocco. On Monday, the German firm gives more details to Yabiladi.

An international report : Algeria has a higher risk for money laundering when compared to Morocco

The Algerian Foreign Minister, Albdelkader Messahel accused Morocco on Friday of using banks to launder drug money in Africa. The Minister’s accusations have led to a diplomatic crisis between the two countries. Meanwhile, an international report issued by the Basel Institute on Governance suggests that Algeria’s risk of money laundering and terrorist financing is bigger than the one recorded in Morocco. Details. 

Morocco recalls its ambassador over Algerian Foreign Minister's accusations

Fitch Ratings : Covered bonds to promote housing finance

Fitch Ratings : Dirham's liberalization mitigated impact 

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.