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Reuters
Morocco is aiming to introduce a flexible exchange rate system in the early part of 2017, its central bank governor said on Sunday.
“We are considering the move currently from fixed exchange rate to a flexible exchange rate,†Abdellatif Jouahri told reporters on the sidelines of an Arab finance ministers event.
Jouahri said the country would work with a technical mission from the International Monetary Fund during the second half of this year as part of introducing the currency move.
He did not give details of the new system, but the IMF has identified “introducing greater exchange rate flexibility†as an important step which it said would increase the ability of Morocco’s economy to absorb shocks and diversify.