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NEWS: Central Bank of Morocco Reported 9,575 counterfeit banknotes in 2019

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 Monday, August 3. More than two-thirds of the counterfeit banknotes (69%) have been of a MAD 200 ($21) value—the highest-value banknote in Morocco. […]

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S. Africa’s Economy May Shrink as Much as 4%, Central Bank Says

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 spread of the pandemic will reduce the rate of change in gross domestic product for this year by 2.6 percentage […]