MAD about Stability: Morocco and Currency Flexibility

1/15/2018 - Infographic and chart
ic_blogtagMoroccoCurrencyExchange RateMonetary Policy

​The Moroccan Dirham exchange rate can now fluctuate daily within a wider band of 2.5% above or below the official rate. This move is welcome for two reasons: Risk mitigation - due to a stronger incentive to use hedging instruments. Monetary policy - autonomy as the Dirham can depreciate when anchor currencies such as the Euro and US Dollar appreciate.


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