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News: Headlines from the Moroccan Press: Monday, October 7, 2019

AUJOURD'HUI LE MAROC
Flexibility of the dirham: Will Morocco yield to S&P's temptation? :
Will convert, will not convert? It seems that the transition to a flexible exchange rate regime is of increasing interest to international bodies. While Morocco remains legitimately cautious on this project, calls are increasing internationally. After the IMF (International Monetary Fund), it is now the turn of the international rating agency S&P (Standard and Poor's). The latter promises the Kingdom to raise its sovereign rating if the competent authorities decide to launch the second phase of the dirham's flexibility...

In the presence of HRH Princess Mary of Denmark: Rabat hosted the dialogue and youth festival:
This event closes the Innovation and Youth Meetings organised from September 30 to October 4, 2019 in Rabat by the Ministry of Youth and Sports, the United Nations Development Programme (UNDP) and the Danish-Arab Partnership Programme (DAPP) of the Danish Ministry of Foreign Affairs. These meetings brought young talents into contact with civil society, the private sector and government institutions. More than 100 young talents were invited to propose ideas and solutions in the areas of climate change and renewable energy, urban sustainability, and agribusiness and food production...


LE MATIN DU SAHARA
Dedicated bank mobility and accounts receivable without movement must be closed after one year:
It is a major challenge that Bank Al-Maghrib has brought to the relationship between banks and their customers through circular No. 15/w/16, which has just been published in the Official Bulletin. No less than 35 pages are devoted to the subject. Everything goes through it with the precision of a Swiss clock. The precise modalities of opening the account, the processing of personal data, the recording of telephone interviews with customers, the communication of information and professional secrecy, seizures and notices to third party holders on bank accounts, the processing of complaints, collective accounts, mandates and powers of attorney, foreign exchange transactions, the plurality and merger of accounts, the prescription of banking operations, archiving and storage periods, etc...

Berkane: Destruction of 136 tons of potatoes:
The regional services of the National Office of Food Safety of the Oriental Region (ONSSA) destroyed 136 tonnes of potatoes in Berkane, following analytical results that revealed that they were treated with pesticides not registered for potatoes. The offence reports were issued against the offenders and forwarded to the courts...


LES INSPIRATIONS ÉCO
Economic outlook. Standard and Poor's optimistic for Morocco:
BBB-/A-3. This is the rating given to Morocco by S&P analysts predicting growth of 2.8% in 2019 before accelerating to 3.7% in 2020 and 4% in 2021. According to them, the country's fiscal situation is expected to gradually improve, thanks to the government's overall fiscal strategy and the results of privatisation over the forecast period, reaching 3% of GDP in 2022...

Bank liquidity. The deficit will continue until 2020:
The Moroccan economy is facing a rather rare event. The growth of bank deposits this year is lower than the granting of loans. This observation was revealed in Bank Al-Maghrib's latest monetary statistics before being pointed out by the banks during their various annual results presentations. At the end of June 2019, bank credit posted a 3.5% monthly increase to MAD 900.4 million...


LIBERATION
Overflowing doctors: Public doctors go on strike again:
The Independent Union of Public Sector Physicians (SIMSP) is once again on strike to protest against the laws governing guards, compulsory services and duty. According to him, the current guard system does not meet the health safety requirements as defined by international standards...

Habib El Malki calls for the organisation of a Moroccan-German parliamentary forum:
House Speaker Habib El Malki called on Thursday in Rabat for a Moroccan-German parliamentary forum to be held as a platform to discuss ways to strengthen bilateral relations. In a meeting with a parliamentary delegation from the Committee on Economic Cooperation and Development in the Bundestag, led by Peter Ramsauer, he assured that parliamentary diplomacy is playing a renewed role at this stage and must be strengthened...