Foreign exchange rates varied against the Moroccan dirham, the beginning of trading today, Saturday, September 4, 2021 in banks.
The euro exchange rate rose to 10.31 dirhams for purchase, and 11.98 dirhams for sale, according to the official website of the Central Bank of Morocco.
The pound rose, recording 12 dirhams for purchase, and 13.95 dirhams for sale.
The price of the dollar fell to 8.68 dirhams for purchase, and 10.08 dirhams for sale.
The price of the riyal, dirham and dinar in Morocco
The price of the Saudi riyal settled at 2.31 dirhams for purchase, and 2.69 dirhams for sale.
The Kuwaiti dinar fell to 28.87 dirhams for purchase, and 33.55 dirhams for sale.
The price of the UAE dirham reached 2.36 dirhams for purchase, and 2.75 dirhams for sale.
On the eighth of September, Morocco will witness legislative and municipal elections, while a map of political parties with varying chances of winning is being formed.
During these benefits, the political and planning features of public affairs will be determined during the next five years, especially after the many criticisms leveled at the Justice and Development Party’s plans for two government terms.
And competing for the votes of 15 million and 746 thousand of those registered in the electoral lists are: Justice and Development, Authenticity and Modernity, the National Rally of Independents, and Al-Istiqlal.
The Moroccan High Commission for Planning said that the consumer price index rose 2.2% on an annual basis last July.
Inflation of non-food items increased by 1.8 percent, while food prices increased by 2.8 percent. On a monthly basis, the consumer price index rose 0.4%.
Core CPI, which strips out volatile commodity prices, rose 0.4% m/m and 1.7% y/y.
Note: The content of this news was written by Al-Ain News and does not express the viewpoint of Egypt today, but it was transferred with its content as it is from Al-Ain News, and we are not responsible for the content of the news and the custody of the aforementioned source.