Economics
Morocco Is Said to Pause Shift Toward More Flexible Dirham
- Further loosening of dirham fluctuation unlikely in 2019
- Focus on cutting fiscal gap as Gulf donations near drought
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Morocco will take a break this year from its gradual push for a more flexible exchange rate as it struggles to patch up deteriorating finances and as lifelines from Gulf donors dry up.
After widening the dirham’s trading band a year ago, authorities are now likely to wait until at least 2020 before considering further easing their hold on the currency, said two officials familiar with the matter. They spoke on condition of anonymity because they weren’t authorized to talk to the media.