Finance News
Most people know the term hyperinflation, but what does it mean? Hyperinflation is inflation, but in superlative. To investigate the significance of hyperinflation to come, you must first be clear about what inflation is. What is inflation? According to Wikipedia, the literal meaning is “blow”. This is not the market value of the currency, but [...]
According to statistics released this weekend by the Exchange Office of Morocco, remittances from Moroccans living abroad (MRE) rose 7.6% in 2011. It has now reached 58.5 billion dirhams (5.3 billion euros). 81% of transfers of the MRE come from European countries. In 2010, transfers made by the MRO of France amounted to 22.13 billion [...]
As pressure continues to weigh on the market pending an outcome of the debt crisis in the eurozone and the Governing Council of the ECB decided to lower European interest rates 25 basis points, can be said against the dollar, the euro has a small margin. 22 hours to GMT (23 hours in Paris), the [...]
Proof if any of the growing weight of China in the international financial world, Banque Centrale Populaire of Morocco has announced that it would now settle their transactions in yuan. One possibility which follows the framework agreement to settle cross-border commerce between the British bank Standard Chartered – very established in Asia – and the [...]