Bank Al-Maghrib issued a statement regarding the rising concerns on social media after the global giant search engine Google showed that the Moroccan dirham’s value plunged negatively, denouncing what the research motor showed.
The statement said that Morocco’s central bank learned that many websites are showing that Europe’s united devise, the euro, equals around 18 Moroccan Dirhams.
The bank assured Moroccans that it is far from true stressing that the European euro’s exchange rate was about MAD 11 on Wednesday, January 18, the day of the glitch.
“Bank Al Maghrib’s website is the only reliable source to inquire about foreign exchange rates for the Moroccan Dirham alongside Bloomberg and Refinitiv in the opening hours of the Moroccan exchange market,” explained the financial organization.
The statement concluded by putting in a link to check the current exchange rate.
Many believed Google’s result and panicked greatly. Moroccans all over the world took to socials to complain about this trade rate.
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