The Exchange Office has just published a new circular on covering the exchange risk, which is associated with the capital trees carried out by Moroccan banks in favor of non -registrations. This circular offers foreign exchange institutions that are part of continuous measures to support the reform of the exchange rate, and support for the development of the capital market and the promotion of foreign investments in Morocco.
“This circular issues an important progress by the type of investors that concern it. In fact, foreign investors that have not yet been resident have been a risk of exchange without the possibility of covering that restrict their obligations and slow down certain investments.”Comments Faïçal Leamari, Ded Assistant Attijariwafa Bank, who are responsible for the capital markets and the international group.
Faïçal Leamari, Ded Assistant Attijariwafa Bank, who are responsible for the capital markets and the international group.
“Fruit of a concerted approach on the part of the exchange office with market operators meet these new measures in bilateral discussions. The return of dividends, the reimbursement of loans or the sale of assets. Moroccan and is part of the positive dynamics of support for the reform of the exchange plan . “he explains.
Note that the circular concludes the provisions of the general instruction of the exchange operation of January 2, 2024.
