Financial and Banking News
Morocco Lifts Restriction On Foreign Loans
Moroccan banks and companies are permitted to fund imports by raising loansfrom foreign financial institutions, following the issuing of new regulationson 9 June. Loans may also be arranged to fund exports by Moroccan companies. Themove is part of a series of measures to liberalize Morocco's foreign traderelations. In January the Moroccan dirham was made convertible.