January 18, 2018 / 4:15 PM / 4 months ago

Morocco central bank governor says launch of dirham system was sovereign decision

RABAT, Jan 18 (Reuters) - Morocco’s decision to launch a more flexible foreign exchange system was a sovereign move and not the result of any currency crisis, the central bank governor said on Thursday.

Abdellatif Jouahri also told reporters the move would improve the purchasing power of citizens.

Reporting by Ulf Laessing and Zakia Abdennebi; Editing by Kevin Liffey

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