Moroccan Finance Minister Nadia Fattah Alaoui confirmed, "Morocco does not currently intend to make any changes to the range in which currencies are traded."
"Despite all the volatility (in the markets) that we saw in 2022, the currency remained in the 5% range, so I think we are not going to change that range," she said.
Morocco began gradual currency market reforms in 2018 but has not made any major changes since the year 2020. When it expanded the dirham's trading range against hard currencies to 5 percent, up and down from a reference rate from a previous 2.5 percent. However, over the past 14 months, many currency markets in countries such as Tunisia and Egypt have come under pressure, with Egypt making three major devaluations of the Egyptian pound.
Source (Al Arabiya.net Website, Edited)
