Morocco takes ‘first step’ to flexible exchange rate


The Central Bank of Morocco revised its currency peg on April 13, in what it says is the "first step in the transition to a more flexible exchange rate regime".

The central bank increased the weighting of the US dollar in the currency basket it pegs the dirham against from 20% to 40%, pushing the weighting of the euro down to 60%.

It explained the decision was taken for the peg to better reflect "the current structure of Morocco's international transactions".

The dollar and euro are approaching

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: