Moroccan banks were busy treating requests by cash holders and owners of undeclared assets in exchange for a preferential tax of 5% only, in an operation that ended on December 31 with the injection of 100 billion dirhams or 10 billion dollars in the Moroccan banking system. At least 5 billion dirhams went to the […]
Few weeks after the launch of the gradual Dirham float, The International Monetary Fund has advised Morocco to maintain the current reform pace with a view to strengthening the economy’s competitiveness. “Unlike other emerging economies, Morocco didn’t loosen currency restrictions under pressure, so authorities can take their time with future steps,” Nicolas Blancher, the IMF’s […]
Morocco has renewed its commitment to the dynamics launched by the UN Secretary-General Antonio Guterres, in cooperation with his personal envoy for the Sahara, making it clear that this commitment is based on the same frame of reference set out earlier. “Morocco has been confidently and responsibly engaged in the dynamic action launched by the […]
