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The influx of European countries in Morocco's FDI represents 73.5% of the global amount received in 2007. 19.3% of the investments came from Arab countries, whose share in Morocco's FDI showed a marked rise, as they only represented 9.9% of the entire FDIs in 2006.
The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ± 5 percent compared to a central rate established by the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively. [2] [3]
Favourable rainfalls have led Morocco to a growth of 6% for 2000. Formidable long-term challenges included: servicing the external debt; preparing the economy for freer trade with the European Union; and improving education and attracting foreign investment to improve living standards and job prospects for Morocco's youthful population.
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Figures published in 2010 by the financial forecasting and research division of Morocco confirm that inter-regional disparities stand out when it comes to GDP per capita income. In Greater Casablanca , for example, it is on average 3.6 times greater than in Taza-Al Hoceima-Taounate , at 25,918 and 7,257 dirhams respectively during the period ...
The museum, located in the bank's headquarters, has an important numismatic collection, spanning from different civilizations of Antiquity to the present day. With more than 30,000 coins, banknotes, monetary instruments and other objects, the museum and its adjacent art gallery of several hundred artworks document the 2000-year-old cultural history of money and its artistic representation in ...
Casualties surge as tremor leads to several buildings collapsing in the Unesco World Heritage site
The Moroccan Dirham has been historically pegged to a basket of currencies including the Euro and the US Dollar. In 2015, the Central Bank updated the weights of the peg to 60% for the Euro and 40% for the US dollar, against respectively 80% and 20% previously, to better reflect the current structure of foreign trade of the country.