Moroccan law gives central bank more independence

Morocco's Lower house has adopted by a majority vote a bill regarding amendments to the status of Bank Al Maghrib, the central bank, which will grant it more autonomy, MAP news agency reported.

The bill aimed at granting more autonomy to the bank and increasing its powers of control over banks and finance institutions, the president of the committee, Ahmed Laamarti, according to reports by the MAP Moroccan news agency, at the end of another session of the committee.

The text clearly defined the