NO. 25


Financial and Banking News

Capital Markets

Morocco Announces Plans To Develop Capital Markets

Morocco hopes to establish a secondary market for government securities bythe end of 1995, according to Mr. Muhammad Kabbaj, the country's FinanceMinister. In a speech written for a meeting of Moroccan and UK businessmen on 14March, Mr. Kabbaj also said that the government planned to make the Moroccandirham fully convertible. At present it is convertible only for foreign...