Keywords: Foreign exchange


Moody’s upgrades Egypt’s credit rating to B3 with a positive outlook

Moody’s Ratings has upgraded Egypt’s sovereign credit rating to B3 and maintained a positive outlook, citing expectations of continued fiscal consolidation and a gradual reduction in government debt over the coming years. The agency expects the debt-to-GDP ratio to fall below 70% by 2030,......

Morocco ranks among Africa’s 10 most attractive financial markets in 2026

Morocco has secured a place among Africa’s 10 most attractive financial markets, ranking tenth with a score of 60 out of 100 in the 2026 Absa Africa Financial Markets Index. Published on October 14 by Absa Group in partnership with the Official Monetary and Financial Institutions Forum (OMFIF),......

Morocco’s tourism growth outpaces the global average as revenues surge 15.9%

Morocco’s tourism industry continued to outperform the global market during the first half of 2026, with international arrivals increasing by 6%, compared with just 0.4% worldwide, according to data from UN Tourism. The sector also recorded a significant rise in revenue, reinforcing its role as......

US dollar remains near an 18-month high amid geopolitical uncertainty

The US dollar remained close to its highest level in 18 months on Monday, supported by investor caution and demand for safe-haven assets amid geopolitical uncertainty. Although the dollar index edged down slightly to 102.16 points, it stayed near the peak recorded the previous week. The dollar index......

Moroccan Dirham Falls 1.4% Against the Euro and 2% Against the Dollar

The Moroccan dirham lost ground against both the euro and the US dollar between August and September 2026, according to the latest monthly review published by Bank Al-Maghrib (BAM), highlighting movements in the national currency alongside a sharp annual increase in foreign exchange trading. The central......

Euro share of global foreign exchange reserves reaches highest level in more than a decade

The euro is continuing to strengthen its position in the global reserve system, with its share of foreign exchange reserves reaching its highest level in more than a decade, according to the latest figures from the International Monetary Fund. The euro accounted for 20.6% of global foreign exchange......

Morocco’s foreign exchange reserves set to exceed $55 billion in 2026

Morocco’s official foreign exchange reserves are expected to continue rising through 2026 and 2027, even as the country’s merchandise trade deficit widens under the pressure of higher energy costs and strong investment-related imports. Bank Al-Maghrib forecasts that official reserve assets......

Algeria economy: IMF warns of persistent deficits, debt and reserve losses

The International Monetary Fund has highlighted persistent fiscal and external vulnerabilities in Algeria, warning that large budget deficits, rising public debt and declining foreign-exchange reserves could weigh increasingly on the country's economic resilience over the medium term. In its 2026......

South Korea moves closer to round-the-clock won settlement for global investors

South Korea is taking another step toward opening its currency market to international investors by testing a new settlement system designed to allow transactions in the Korean won around the clock. The initiative, led by the Bank of Korea, is part of a broader effort to modernize the country’s......