VOL. XXXII
NO. 31
8-MAY-1989
Financial and Banking News
BUDGETS AND REVENUES
Morocco Relaxes Exchange Control
Two recent policy changes in Morocco have had the effect of relaxing thecountry's hitherto strict exchange controls. Small transfers abroad, of up toMD2,000 ($240), are now possible for all residents, using simple procedures. Inaddition, the minimum requirement for expatriates to open convertible foreigncurrency accounts with Moroccan banks has been cut from MD500,000 to MD50,000($6,000),...
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