The Moroccan Exchange Office (Currency Exchange Office) revealed that the remittances of Moroccans residing abroad amounted to about 79.66 billion dirhams (7.9 billion dollars) until last October, compared to 55.59 billion dirhams (5.5 billion dollars) in the same period last year. Thus, remittances increased by 43.3 percent, equivalent to 24.07 billion dirhams (2.4 billion dollars).
The trade balance for services increased by 7.1% to 53.82 billion dirhams ($5.3 billion).
Exports improved by 9.1 percent to 114.95 billion dirhams ($11.4 billion) by the end of October 2021, and imports rose by 10.9 percent (61.13 billion dirhams/6.1 billion dollars).
The net foreign direct investment flows to Morocco exceeded 15.47 billion dirhams ($1.50 billion) during the first ten months of 2021, registering an increase of 14.8 percent compared to the same period last year. The reason for this rise is due to a 12.6 percent recovery in revenues, which recorded 24.89 billion dirhams ($2.40 billion), an increase that exceeded that recorded in terms of expenditures.
Source (Asharq Al-Awsat Newspaper, Edited)
