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Morocco has faced a major set back for its economy. This is due to government expenditure. However, due to increased foreign trade and private businesses, the economy has grown sustainably.
Moroccan Authorities signed treaties with US in order to strengthen trade and foreign investment by 2004.
Due to increased rainfall, agricultural products increased the GDP by 1.9%. However, the country has experienced a great set back, to have free trade with European countries.
Dirham can only be converted for current transaction despite being supported by World Bank, Paris club and IMF for structural adjustment programmes.
Moroccan Economy
Banks, Money and Forex