Rabat - Friday night, local media all brandished the same headline: the Dirham liberalization is finally here. After months of confusion, wild speculations and exchanged accusations, the reform of the Moroccan exchange-rate system is due this Monday.  But away from the technical jargon, what does this reform really mean? What will change? And how will Bank Al Maghrib intervene from now on in the trading market?  

The Moroccan dirham depreciated by 0.5 percent against the euro and appreciated by 1 percent vis-à-vis the dollar
Chaima Lahsini is freelance journalist and activist with the Al-Fam collective in Rabat.