Hotels, Tourist Accommodation Remain Closed in Morocco due to Pandemic

Hotels, Tourist Accommodation Remain Closed in Morocco due to Pandemic
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Hotels, Tourist Accommodation Remain Closed in Morocco due to Pandemic

Hotels, Tourist Accommodation Remain Closed in Morocco due to Pandemic

Morocco’s Prime Minister Saad Eddine El Othmani met Friday with professionals in the tourism sector, which has been severely affected by the coronavirus pandemic.

The Tourism Ministry has announced it is carrying out studies on the measures related to the financial, social and administrative aspects of the tourism sector.

Minister of Tourism and Civil Aviation Nadia Fettah Alaoui had revealed that 95 percent of the hotels and tourist accommodation units in the Kingdom are closed due to the novel coronavirus outbreak.

She pointed to a report by the International Air Transport Association (IATA) that revealed a drop in air traffic in Morocco by about five million passengers, which will incur financial and job losses on the sector.

“The tourism sector has benefited from the measures taken by the Kingdom, since nearly 70 percent of employees in the sector registered in the National Social Security Fund (CNSS) have received monthly allowances,” she said.

Informal sector workers and businesses have benefited from other support measures, the tourism minister added.

At the legislative level, she further noted, the House of Representatives adopted a bill to keep tourism businesses afloat and guarantee consumer rights.

The bill outlines special provisions for travel contracts, tourist stays and passenger air transport contracts.

Under the bill, tourism service providers may reimburse their customers via an “IOU” (I Owe You), offering a similar or equivalent service without any rate increase.



Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
TT

Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday.

The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Bank Al Maghrib was also exploring a central bank digital currency (CBDC), Reuters quoted him as saying.
"Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion," he said.