(Reuters) - Morocco will make it easier for local businesses to hold assets in foreign currencies and lend money to export clients from next month, as part of long-term plans to integrate its strengthening economy into world markets.
Finance Minister Fathallah Oualalou said the government would allow companies to hold 50 percent of their export income in foreign currencies, up from 20 percent previously, reducing their currency risks and foreign exchange costs.
Read more at Reuters Africa
Finance Minister Fathallah Oualalou said the government would allow companies to hold 50 percent of their export income in foreign currencies, up from 20 percent previously, reducing their currency risks and foreign exchange costs.
Read more at Reuters Africa
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