VOL. XLIII

No. 11

13-March-2000

MOROCCO

Falling Interest Rates Will Improve Net Earnings Of Some Of Moroccos Major Banks

Banking stocks on the Casablanca Stock Exchange continue to offer liquidity and opportunity for growth. Recent developments in Moroccos economy, namely increasing foreign currency deposits and a climate of low inflation, have led to a lowering of yields on T-bills (MEES, 28 February), which in turn has affected interest rates offered on current savings accounts by banks....