<\/p>\n
Moroccan banks have suspended purchases of euros after being overwhelmed by a wave of foreign currency inflows, according to financial sources familiar with the matter who spoke to Hespress AR.<\/span><\/p>\n \u00a0Record remittances from the Moroccan diaspora, a rebound in tourism, and strong export receipts have produced an unprecedented surplus that trading rooms say they can no longer absorb.<\/span><\/p>\n The paralysis reflects the limits of Morocco\u2019s current exchange-rate regime. The dirham is allowed to fluctuate within a band of plus or minus 5 percent against a basket composed of 60 percent euro and 40 percent dollar.\u00a0<\/span><\/p>\n <\/p>\n With the euro nearing the lower end of this band, banks fear losses if forced to resell excess currency at a weaker price.<\/span><\/p>\n Unlike in 2021 and 2022, when Bank al-Maghrib intervened to absorb euro surpluses, the central bank has so far refused to step in. The interbank market has repeatedly seized up, with no transactions recorded as banks wait for the exchange rate to adjust.<\/span><\/p>\n The glut has ripple effects beyond financial institutions. Exporters, especially in automotive and agriculture, welcome the stronger dirham because it reduces the cost of imported components and inputs.<\/span><\/p>\n \u00a0Importers, however, fear that persistent rigidity could make hedging difficult and disrupt payment cycles.\u00a0<\/span><\/p>\n Central bank governor Abdellatif Jouahri recently confirmed that Morocco will advance toward a fully flexible exchange rate beginning in January 2027. At that point, the dirham will no longer be tied to the euro-dollar basket but will float freely, guided by an inflation-targeting framework anchored in interest rates and monetary tools.<\/span><\/p>\n Since 2018, Morocco has widened the fluctuation band from 0.3 percent to the current 5 percent. <\/span><\/p>\n<\/p><\/div>\n Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":" Moroccan banks have suspended purchases of euros after being overwhelmed by a wave of foreign currency inflows, according to financial sources familiar with the matter who spoke to Hespress AR. \u00a0Record remittances from the Moroccan diaspora, a rebound in tourism, and strong export receipts have produced an unprecedented surplus that trading rooms say they can […]<\/p>\n","protected":false},"author":5,"featured_media":10562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[940,3852,3092,3096,3097,1182,4693,234,3095,2955,169,3093,7674,933,1029,3088,3094,3098,831],"class_list":["post-10561","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american","tag-buying","tag-characters","tag-content","tag-creation","tag-dont","tag-euro","tag-experience","tag-expert","tag-halts","tag-morocco","tag-native","tag-rebound","tag-record","tag-remittances","tag-rephrase","tag-speaker","tag-talk","tag-tourism"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/10561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=10561"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/10561\/revisions"}],"predecessor-version":[{"id":10563,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/10561\/revisions\/10563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/10562"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=10561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=10561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=10561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}