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Monetary and financial situation (July 15-21, 2010)
Morocco's foreign currency reserves go up |
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At the end of the period spanning June 10-16, 2010, Bank Al Maghreb's net foreign assets increased MAD 1.6 billion (+1%) Standing at MAD 163.2 billion, foreign currency reserves remained below the level registered at the end of December 2009 by MAD 7.5% billion.
At the end of May 2010, Bank Al Maghreb's foreign currency reserves represented 6 months and 15 days of imports.
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Economic growth
4% for 2010, 4.3% for 2011 |
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Moroccan economy's growth rate would reach 4% in 2010 and 4.3% in 2011, said the High Commission for Planning (HCP) late last week.
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Given the recent rainfalls, do you think that this agricultural season will be as good as the previous one? |
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