Morocco’s Central Bank Identified 9,575 Counterfeit Banknotes in 2019

NEWS: Central Bank of Morocco Reported 9,575 counterfeit…

Morocco’s central bank, Bank Al Maghrib (BAM), recognized 9,575 counterfeit banknotes in 2019, worth MAD 1.5 million ($161,000). The number of counterfeit banknotes extended with the aid of 6% in contrast to 2018, a press launch from BAM announced on…

Economy

S. Africa’s Economy May Shrink as Much as…

South Africa’s economy could contract by 2% to 4% this year due to the coronavirus pandemic and measures to curb its spread, according to the Reserve Bank. A 21-day nationwide lockdown aimed at slowing the…