Africa  

Morocco's forex reserves down 6 pct in Feb.

Source: Xinhua   2018-03-04 05:44:08

RABAT, March 3 (Xinhua) -- Morocco's foreign exchange reserves stood at 25.4 billion U.S. dollars at the end of February, dropping by 5.9 percent year on year, Morocco's Central Bank said Saturday.

The foreign exchange reserves had hit 26.2 billion dollars before the entry into force of the gradual floating of the Moroccan dirham last January.

On Jan. 15, the Moroccan government started the gradual floating of its currency, raising the official band of dirham's fluctuation to 2.5 percent above or below the official rate from the previous 0.3 percent.

The latest statistics by the Moroccan Central Bank show that Morocco's dirham barely moved against major currencies since the move.

The dirham is pegged to a two-currency basket weighted 60 percent to the euro and 40 percent to the U.S. dollar.

The Moroccan government said widening the dirham trading band is part of a broader plan to float the currency and make the economy more resilient against external shocks and help boost growth.

Editor: yan
Related News
Home >> Africa            
Xinhuanet

Morocco's forex reserves down 6 pct in Feb.

Source: Xinhua 2018-03-04 05:44:08

RABAT, March 3 (Xinhua) -- Morocco's foreign exchange reserves stood at 25.4 billion U.S. dollars at the end of February, dropping by 5.9 percent year on year, Morocco's Central Bank said Saturday.

The foreign exchange reserves had hit 26.2 billion dollars before the entry into force of the gradual floating of the Moroccan dirham last January.

On Jan. 15, the Moroccan government started the gradual floating of its currency, raising the official band of dirham's fluctuation to 2.5 percent above or below the official rate from the previous 0.3 percent.

The latest statistics by the Moroccan Central Bank show that Morocco's dirham barely moved against major currencies since the move.

The dirham is pegged to a two-currency basket weighted 60 percent to the euro and 40 percent to the U.S. dollar.

The Moroccan government said widening the dirham trading band is part of a broader plan to float the currency and make the economy more resilient against external shocks and help boost growth.

[Editor: huaxia]
010020070750000000000000011105521370141181
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
一区二区三区精品aⅴ专区 久久综合香蕉久久久久久久 | 热久久99精品综合久久 | 亚洲精品国产精品乱码不卡99 | 日本免费一级婬片a级中文字幕 | 日韩高清亚洲日韩精品一区二区三区 | 亚洲喷潮在线观看 |