{"id":642256,"date":"2017-08-09T04:12:12","date_gmt":"2017-08-09T04:12:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/egypts-experience-causing-concerns-for-moroccos-plan-to-float-currency-bloomberg\/"},"modified":"2017-08-09T04:12:12","modified_gmt":"2017-08-09T04:12:12","slug":"egypts-experience-causing-concerns-for-moroccos-plan-to-float-currency-bloomberg","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/egypts-experience-causing-concerns-for-moroccos-plan-to-float-currency-bloomberg\/","title":{"rendered":"Egypt\u2019s experience causing concerns for Morocco\u2019s plan to float currency -Bloomberg"},"content":{"rendered":"<p><strong>Morocco is postponing a decision to float its currency after concerns arose <\/strong><strong>following Egypt\u2019s currency flotation<\/strong>, Ahmed Namatalla and Ahmed Feteha <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-07\/best-performing-arab-economy-balks-at-float-on-egypt-devaluation\">write for Bloomberg<\/a>. \u201cThe move to a more flexible exchange rate regime, not a float, is still in the cards but the rollout will take place at the appropriate time,\u201d government spokesman Mustapha El Khalfi told reporters on July 6. Analysts believe the comparison with Egypt is not entirely accurate as the Moroccan economy is still expected to continue being the best performing Arab economy and the country has an \u201cinvestment-grade credit rating and an expanding private sector.\u201d However, Arqaam Capital senior economist Reham El Desoki believes postponing the float was an easy decision for Morocco as it \u201cunlike Egypt, isn\u2019t facing a currency crisis that requires immediate action.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morocco is postponing a decision to float its currency after concerns arose following Egypt\u2019s currency flotation, Ahmed Namatalla and Ahmed Feteha write for Bloomberg. \u201cThe move to a more flexible exchange rate regime, not a float, is still in the cards but the rollout will take place at the appropriate time,\u201d government spokesman Mustapha El [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2386,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642256","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-egypt-in-the-news","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"0a88e3ad-6c35-4a96-ac72-192884fcb772","order":"0","is_powered_by":true,"section_story_id":"cf74c26c-e2f8-4082-9f8e-6be34d22f9e0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642231],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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