1st quarter 2013: 163,000 rubber cheques identified in Morocco

2% of cheques issued and 18% of commercial paper have been identified as inadmissible.

According to the French language daily close to the business community,L' Economiste, companies, are top of the list of bad payers.

This is due, according to the Moroccan financial newspaper, the lengthening of payment by the state, which remains to this day the first client, the first consumer and the first investor in the kingdom.

The state does not pay its bills on time, plunging the national productive fabric into financial difficulties and the incapacity of treasurers.