Change of the fixed exchange system to the flexible drainage system in Morocco

# Free # first truth
The first step in the liberalization of the Moroccan dirham took more than a year: the fixed rate exchange rate system was replaced by a flexible exchange rate system, which meant that it could move within a fluctuation band of 5% . This process has been the subject of much debate and many observers have predicted that this would lead to the collapse of the national currency or a deterioration in value against the dollar, as was the case with the Egyptian pound.
In fact, the exchange rate of the Moroccan dirham decreased by 0.42% against the euro and by 0.11% against the dollar immediately after the liberalization of the currency, but the Moroccan central bank has qualified the success process, referring to the first phase. .