In just one month, fuel prices in Morocco have seen several successive increases, and of course it is the motorists who are the first victims. The origin of this price surge is the attacks on Saudi oil production facilities.
For the period from August 15 to 21, 2019, the Moroccan dirham gained 0.07% against the euro, and 0.39% against the US currency, according to the weekly indicators released by Bank Al-Maghrib.
In July 2019, the Moroccan currency appreciated against the two reference currencies, the euro and the dollar. This is according to data published by Bank Al-Maghrib (BAM).
From August 1 to 7, 2019, the value of the dirham remained almost stable compared to the euro. The Moroccan currency appreciated by 0.44% against the dollar, according to Bank Al-Maghrib (BAM).
The sale by the Moroccan government of 8% of Maroc Telecom , as part of a new privatization policy, should bring in 8.87 billion dirhams, according to data communicated by the Moroccan Capital Market Authority (AMMC).