The exchange office in Morocco revealed that the remittances of Moroccans living abroad exceeded 47 billion dirhams (4.57 billion dollars) during the period between January and June, compared to about 4.3 billion dollars on an annual basis.
According to the office in its latest bulletins on the monthly indicators of foreign exchanges for the month of last June, these transfers recorded an increase of 6.1 percent in the first half of 2022 on an annual basis, equivalent to 260 million dollars.
According to statistics, these remittances constitute an increase of more than 1.48 billion dollars when compared to the level recorded during the same period in 2018.
Expatriate money is one of the most important factors affecting GDP and growth rates, and it is one of the most important tributaries of the banking, real estate and investment sector, in addition to the social dimension it plays in supporting families.
The movement of the Moroccan expatriate remittance index is constantly monitored by international and local bodies as one of the engines supporting the Moroccan economy.
Source (Al-Arab Newspaper of London, Edited)
