The Tunisian dinar has further depreciated against other currencies, including the Japanese yen (-28.21%) and the Moroccan dirham
(-22.69%) compared to last year, the BCT added.
Its purchasing generates 500 contracts per year, with an annual budget of 7 billion Moroccan dirham
(approximately USD 735 million).
Hong Kong/London: The widening of the Moroccan dirham
's floating band is a step towards a more flexible exchange rate regime that will eventually bolster the shock-absorption capacity of the economy and help maintain its competitiveness, Fitch Ratings says.
Earlier this year, the Moroccan Central Bank (Bank Al-Maghrib) introduced the gradual floatation of the Moroccan Dirham
, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.
Booking return flights from Marrakech to London next week, sold in Moroccan dirham
, Ryanair's exchange rate priced the seats at [pounds sterling]381.05 where Visa would have charged [pounds sterling]360.01.
DESTINATION AGADIR Currency: Moroccan Dirham
(MAD) - PS1 = 12.58MAD Time zone: GMT The flight: Airarabia flies direct from Manchester to Agadir.
The currency is MAD - Moroccan Dirham
. A big souk The Medina d'Agadir, a taxi ride from the centre, was set up by the artistic Coco Palozzi to maintain craft traditions.
Morocco produced one billion pieces of fabric per year by 175,000 workers (30% of all industrial jobs nationwide) in 1,600 local companies, 31.4 billion Moroccan Dirham
of exports.The textile industry is one of Morocco's most powerful economic segments and Europe's seventh largest textile supplier after China, Bangladesh, Turkey, India, Cambodia and Vietnam.
Transpay clients are now able to send local currency payments to individuals' bank accounts in Moroccan dirham
Morocco oil refiner Samir said it was planning a capital increase of 10 billion Moroccan dirham
($1.04 billion) in an effort to end the company's financial difficulties.
During the first seven months of the year, the dinar depreciated by 5.6% against the dollar and 1.4% against the Japanese yen, while it had appreciated 4.7% versus the Euro and 3.6% versus the Moroccan Dirham
, the Central Bank of Tunisia (BCT) said in its monthly economic report published Thursday.