The Moroccan Economy in Brief: Tuesday, September 14, 2021

Philip Morris: Heated tobacco will enter the Moroccan market in October:
This is a first. According to well-informed sources, Philip Morris will launch in October in Morocco its heated tobacco technology. Much anticipated, this product will be marketed in the Greater Casablanca before being generalized throughout the country.

Foreign exchange reserves at MAD 313 billion after IMF SDRs:
Morocco's foreign exchange reserves stood at nearly MAD 313 billion at the end of August 2021, after the International Monetary Fund (IMF) issued special drawing rights (SDR) internationally, according to Attijari Global Research (AGR).

AGR maintains its scenario of stable primary rates:
Attijari Global Research (AGR) maintains its scenario of stability of primary rates on the bond market during the next two quarters. "Given the comfortable situation of public finances, AGR's analysts maintain their scenario of stability of primary rates during the next two quarters," says AGR in its weekly note "Weekly Hebdo Taux - Fixed income".

AMEE launches energy classification project:
To start the implementation of the project, AMEE is planning an action plan. This one aims at the promotional component. It will include the awarding and verification bodies of the energy certification, the steps and modalities of certification and the financial incentives for the parties involved.

A budget deficit of MAD 40.6 billion at the end of August:
The situation of expenses and resources of the Treasury shows a budget deficit of MAD 40.6 billion at the end of August 2021, against a deficit of MAD 43.6 billion a year earlier, according to the General Treasury of the Kingdom