June 5, 2016 / 8:30 AM / 3 years ago

Morocco aims for flexible currency system in early 2017 - c.bank gov

ABU DHABI, June 5 (Reuters) - Morocco is aiming to introduce a flexible currency exchange system in the early part of 2017, its central bank governor said on Sunday.

“We are considering the move currently from fixed exchange rate to a flexible exchange rate,” Abdellatif Jouahri told reporters on the sidelines of an Arab finance ministers event.

Jouahri said that the country would be working with a technical mission from the International Monetary Fund during the second half of this year as part of introducing the currency move. (Reporting by Stanley Carvalho; Writing by David French; Editing by Toby Chopra)

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