Friday, 30 September 2016
|FOREX : EURMAD|
29 Sep 16 00:00
BCP is preparing to invest 400 million dirhams in an Islamic subsidiary as Islamic banks and insurers are being established in Morocco after the government adopted legislation allowing Islamic financing in its domestic market. more»
The first article in this series illustrated how the Moroccan dirham was not convertible to any other currency outside of Morocco - in other words holders can't exchange it for dollars, euros or anything abroad - and that the rules around getting ... more»
... dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year, traders said on Monday. more»
01:18 | 14/6/16
RABAT, June 13 (Reuters) - Private investments in Moroccan state-owned land leased to farmers and investors have reached 14 billion dirhams ($1.4 billion) at the end of 2015, a statement from the agriculture ministry said on Monday. To attract foreign ... more»
The last obstacle is related to the Moroccan dirham. The dirham is a non-convertible currency, meaning it can't be exchanged for an international currency such as the US dollar or the euro outside of Morocco. more»
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