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US dollar nears 10 Moroccan dirhams

Original: dirham marocain

The US dollar is approaching the symbolic threshold of 10 Moroccan dirhams, according to Moroccan media. Around 1,000 dollars now buys 379 dirhams more than it did ten days ago, a sharp depreciation of the dirham against the greenback. The rapid movement is drawing attention in Morocco, where exchange rates affect purchasing power, savings and the cost of imports.

Why now: The dollar's sudden surge against the dirham is a significant economic development affecting Moroccans' purchasing power.

Moroccan dirhamUS dollarMoroccoBladi.net

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