RABAT, Jan 18 (Reuters) - Morocco is launching a flexible currency exchange system in a step-by-step process while remaining aware of any potentially negative impact on people's purchasing power, the finance minister said on Thursday.
Mohammed Boussaid told reporters the kingdom was not following Egypt's example of switching to a fully free-floating exchange rate in one sudden step.
(Reporting by Ulf Laessing and Zakia Abdennebi; Editing by Hugh Lawson)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.