Middle East & North Africa Economics

Middle East Economics Focus

3 February, 2017

Moroccan dirham to rise once central bank loosens its grip

The spotlight in the region’s currency markets over the past couple of years has been on the threat of large devaluations but, as we explain in this Focus, the risks in Morocco appear to lie in the other direction. With the authorities pushing ahead with plans to loosen their grip on the dirham, we expect the currency to strengthen against the euro by the end of this year. A shift in exchange rate policy may raise some uncomfortable parallels with other countries in the region. Late last yea

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