Friday, November 22

Morocco Keeps Option of Flexible Dirham to Tackle Outside Shocks

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Bloomberg
By Souhail Karam, Jill Ward, and Rene Vollgraaff

  •  Surge in oil prices should prompt switch back, Jouahri says
  •  Economy struggling with rising social demands, poor harvest

Abdellatif Jouahri Photographer: Abdelhak Senna/AFP via Getty Images

Morocco is able to switch back to a more flexible foreign-exchange regime at the first sign of an external shock such as a surge in oil prices, Bank Al-Maghrib Governor Abdellatif Jouahri said.

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