diff --git a/matlab/dynare.m b/matlab/dynare.m
index 27b027d67..e8438f8ca 100644
--- a/matlab/dynare.m
+++ b/matlab/dynare.m
@@ -137,14 +137,6 @@ if fnamelength + length('.set_auxiliary_variables') > namelengthmax()
     error('Dynare: the name of your .mod file is too long, please shorten it')
 end
 
-% Workaround for a strange bug with Octave: if there is any call to exist(fname)
-% before the call to the preprocessor, then Octave will use the old copy of
-% the .m instead of the newly generated one. Deleting the .m beforehand
-% fixes the problem.
-if isoctave && length(dir([fname(1:(end-4)) '.m'])) > 0
-    delete([fname(1:(end-4)) '.m'])
-end
-
 if ~isempty(strfind(fname,filesep))
     fprintf('\nIt seems you are trying to call a .mod file not located in the "Current Folder". This is not possible (the %s symbol is not allowed in the name of the .mod file).\n', filesep)
     [pathtomodfile,basename] = fileparts(fname);