Morocco: more flexible exchange rate for dirham set to be launched
Date
1/14/2018 2:57:45 AM
(MENAFN) Moroccan government declared the country to implement on Monday further flexible exchange rate system for the dirham currency.
The government released a statement confirming the fluctuation band to be extended from 0.3% either side to 2.5% either side, presenting a total of 5% range.
The government explained the launch is ought to offer Economy in Morocco more superior protection from external shocks.
MENAFN1401201800450000ID1096348240
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.