The term market in Morocco continues its development, as the Wali by Bank al-Maghri (BAM), Abdellatif Jouahri, during a press conference in Rabat. He said this development followed by the introduction of the Interbank -Term Market for Exchange -Swaps and during the day -Tage -Tarif -swaps. This market aims to strengthen the Moroccan financial sector, to develop the derivative market and to manage banks more effectively.
This initiative is a continuation of the introduction of the Interbank currency market in 2018. Thanks to the technical support of the European Bank for Reconstruction and Development (BERD), the tariff and loan swap business was integrated into the Moroccan financial market. This makes it possible to expand the available financial instruments and thus support the countryās economic stability and competitiveness.
Support was set up to facilitate the transition. Moroccan banks have exceeded a current phase to evaluate the effects of new operations. Jouahri emphasized that the transaction volume becomes significant even though the first transactions had a slight decline. This does not worry about the Wali, which believes that the intensification of operations is simply a matter of time.
The Moroccan runtime market in full expansion therefore has large prospects for the future. Although volumes have experienced fluctuations, optimism remains okay. Jouahri comes to the conclusion that this development is important to strengthen the position of Morocco on the regional and international financial market and thus offer opportunities for banking and financial participants in the country.
M.Ba.
