Morocco set to fast-track FX reform

Abdellatif Jouahri, the governor of the Central Bank of Morocco, has hinted that the dirham could move to a floating exchange rate regime early than previously thought.

The currency is now tied to a basket of currencies but the central bank has long considered a move away to a flexible regime, with 2010 pencilled in as the earliest date at for this.

However, Jouahri said on Tuesday 4 March that the central bank would push ahead with reform following indications that the measures to liberalise

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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