Tag: central bank
Moroccan government, central bank at odds over inflation
Morocco’s central bank and the Moroccan government are pursuing policies that are triggering opposite impacts on inflation. As the central bank tightens its monetary policy ... Read More
Morocco to issue dollar-denominated bond in 2023- Central Bank
Morocco would issue a dollar-denominated bond in 2023, the first since 2020, the central bank said. Morocco has yet to recover its investment grade although ... Read More
Madagascar: Central Bank Chief resigns, successor named
Henri Rabarijohn, the governor of Madagascar’s Central Bank (BFM)) has stepped down from his position on health conditions ground. President Andry Rajoelina has accepted the ... Read More
Morocco: Central Bank raises rates to 2.5 % & expects growth to reach 3pc in 2023
Morocco’s central bank has decided to raise its key rate by 50 basis points to 2.5pc due to inflation upward trends and external pressures that ... Read More
Morocco’s Central Bank raises rates to 2% to fight inflation
Bank Al-Maghrib, Morocco’s central bank, decided Tuesday to increase its key interest rate by 50 basis points to 2 percent and to continue to monitor ... Read More
World Bank: Tunisia’s trade deficit continues to widen amid soaring inflation
The trade deficit in Tunisia widened by record 56% in the first semester of 2022, reaching 8.1% of GDP, while the budget deficit, exacerbated by ... Read More
Egyptian President appoints former central bank chief adviser
President Abdelfattah al-Sisi has named Tarek Amer as presidential adviser after the latter resigned from his job that he was supposed to hold for another ... Read More
D-8 meeting: Nigeria, Egypt and other developing nations seek to deal with currency, energy and food crises
More cooperation was needed among developing nations to overcome dwindling foreign currency reserves, a growing energy crisis and supply chain disruptions, according to business leaders ... Read More
Morocco prepares cryptocurrency law
The Central Bank is preparing a law governing the use of cryptocurrencies in Morocco, which is expected to be submitted to Parliament by year’s end, ... Read More
Morocco: Central Bank, Exchange Office warn of dangers of crypto-currency
Morocco’s central bank, Bank Al Maghrib (BAM), has again warned against the risks of crypto-currency, which remains illegal in the country. Despite previous warnings regarding ... Read More