Morocco needs to urgently adopt new reforms before considering currency liberalization

For bankers, Morocco is in the need of implementing new reforms related to education and bureaucracy, before considering new currency liberalization.

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».