Tag: central bank

Moroccan government, central bank at odds over inflation

March 24, 2023

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

January 20, 2023

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

January 6, 2023

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

December 20, 2022

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

September 28, 2022

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

September 8, 2022

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

August 18, 2022

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

July 28, 2022

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

July 26, 2022

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

April 7, 2022

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