VOL. XXXVI

NO. 18

1-FEBRUARY-1993

Financial and Banking News

ECONOMIC POLICY

Morocco Makes Dirham Convertible for Most Transactions

The Moroccan Government informed the International Monetary Fund (IMF) on 22January that its currency, the dirham, had become convertible for nearly allpurposes, except capital transfers and outflows. In a press statement issued on22 January, the Moroccan Minister of Finance, Mr. Muhammad Baradah, explainedthat the convertability would apply to all current transactions...