Reported 5 months ago
Morocco intends to loosen its currency exchange rate framework in 2026, transitioning away from the current peg to a basket of euros and US dollars, according to the central bank governor. This initiative marks a resumption of reforms that ceased during the pandemic, targeting a market-determined currency while preparing banks and regulators for the shift. Although prior attempts to reform the dirham were hindered by economic challenges, the governor emphasizes the need for additional time and support for small businesses before implementing these changes.
Source: YAHOO