23 Hrs_1777011671128_85597701.png&w=64&q=75)
Source:
فبراير.كوم
Morocco Analyzes Digital Dirham Benefits
A study issued by Bank of Morocco concluded that adopting the Central Bank Digital Currency, known as the "Digital Dirham," will yield limited economic benefits and will not serve as an effective substitute for interest rate policies or as a solution to Morocco's financial exclusion problem. The study, conducted with support from the British Foreign Office, relies on an economic model simulating various components of the national economy—including households, businesses, and the financial system—to assess the impact of economic policies on growth and financial balances. The study highlighted that 46% of Moroccans do not interact with banks, underscoring challenges related to financial inclusion. It also noted that limited liquidity in transactions increases purchase costs, a phenomenon known as the "cash tax." Overall, the study suggests that the Digital Dirham may offer limited benefits and is unlikely to significantly contribute to economic stability or substantially improve financial inclusion.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)