london april 24 reuters  morocco is not planning any changes for now to its currency trading band finance minister nadia fettah alaoui said on monday morocco began gradual currency market reforms in 2018 but has not made any significant changes since 2020 when it increased how much the dirham was allowed to fluctuate from a centrally set reference level to 5 from 25 the last 14months though has seen swathes of frontier market currencies come under widespread pressure including two of moroccos north african counterparts tunisia and egypt the latter of which has undertaken a trio of sizable devaluations despite all the volatility in markets we had in 2022 the currency remained in this 5 range so i think we are not changing the pace of this alaoui told reuters on the sidelines of the annual city week finance conference in london there is some trouble all over the world and so far i think this 5 is largely enough to move smoothly towards a more flexible regime when conditions allow she said she said the subsidies the moroccan government had put in place had helped limit inflationary pressures data this month showed consumer price index in the country rose in march by 82 from a year earlier on a surge in food prices which surged 161 year on year higher food prices have seen authorities restrict the export of some vegetables to european and other african markets to try to reduce prices at home while last week the government scrapped valueadded tax on agricultural inputs we have chosen really targeted measures alaoui said i would say it has avoided 3 additional points of inflation that could have impacted the population