The Moroccan Office of Exchange General Director, Mr Jawad Hamri, declared, on Wednesday, that the Moroccan Foreign exchange reserves can pay for no more than 4 months and 10 days of imports.
Mr. Hamri, who attended a meeting organized by the British Chamber of Commerce in Morocco (BritCham) noted that the Board of his office has been working hard to monitor the effectiveness of imports and track capital outflows.
The Moroccan Office of Exchange General Director clearly stated that the currency reserve is an essential component for the proper functioning of the Moroccan economy, because it provides funding for all the imports.
The Moroccan Times
