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اقتصاد
AfDB Raises 1B in Dirhams
The African Development Bank raised 1 billion Moroccan dirhams—about $100 million—in its first bond issue denominated in the Moroccan currency. The bonds mature in seven years and were privately placed with qualified investors. The issue aims to expand local-currency financing and support African capital markets, while meeting the needs of Moroccan clients and reducing their exposure to exchange-rate volatility.
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