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ناظورسيتي
Bank of Morocco safeguards remittances amid new laws
Governor of Bank Al-Maghrib, Abd Elatif Jouahri, announced that Moroccan banks in Europe are facing regulatory challenges due to an European legislation related to mitigating the effects of the UK’s exit from the European Union. Morocco is studying the implications of these developments with European authorities to ensure the continuity of remittances by Moroccans residing abroad. Reports indicate that these challenges could impact financial services, with discussions likely to continue until 2026, despite the current stability of transfer flows.
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