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Country risk, from the local press

Morocco · Country watch

Dirham Weakens, Diphtheria Alert, Thunderstorms

The Moroccan dirham weakens for a fifth week, diphtheria prompts school health measures, and severe thunderstorms are forecasted.

· · 7 sources

The picture Deteriorating

Business conditions in Morocco are deteriorating due to the dirham's continued weakening, health alerts for diphtheria in schools, and severe weather forecasts. These factors affect costs, safety, and operations across multiple sectors.

In this briefing Directorate General of Meteorology · Ministry of Health and Social Protection · Ministry of National Education · Bank Al-Maghrib

Regulation

Nothing significant reported today.

Disruption

  • logistics
  • agriculture

Severe thunderstorms forecasted across Morocco

a view of a city with clouds in the sky
Gabriel Chen / Unsplash

The Directorate General of Meteorology issued a warning for severe thunderstorms expected to affect several regions in Morocco, Hespress reports. The storms may bring heavy rain, hail, and strong winds, potentially disrupting transportation and agricultural activities.

Impact Logistics and agriculture sectors face potential disruptions due to severe weather conditions.

Sources: Hespress ↗

Internal tension

Nothing significant reported today.

Safety & health

  • public-sector
  • pharma

Diphtheria prompts health measures in schools

The National Federation of Parents' Associations called for heightened health vigilance and strict preventive measures in schools to combat diphtheria, Agadir 24 reports. This call follows reports of diphtheria cases, prompting coordination between the Ministry of Health and the Ministry of National Education to mitigate fears and ensure student safety.

Impact Schools must implement health measures; pharma firms may see increased vaccine demand.

Sources: Agadir 24 ↗

Companies

Nothing significant reported today.

Markets

  • finance

Dirham weakens against euro and dollar

Bank al Maghrib after adding Tifinagh
Bank al Maghrib after adding Tifinagh Bananakingler, CC0 via Wikimedia Commons

The Moroccan dirham weakened against the euro and the dollar for the fifth consecutive week, according to Hespress. The euro surpassed the 11 dirhams mark, indicating a continued depreciation of the local currency. The data, based on Bank Al-Maghrib's reference exchange rates, reflects ongoing pressure on the dirham amidst a challenging economic environment.

Impact Importers face higher costs for goods priced in euros and dollars due to the dirham's depreciation.

Sources: Hespress ↗

Trade

Nothing significant reported today.

Politics

Nothing significant reported today.

Also today in Morocco

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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