Moroccan community transfers hit new peak

Remittances from Moroccans residing abroad saw a significant increase during the first half of this year, reaching 61.48 billion dirhams by the end of June, representing a 9.9% rise compared to the same period last year, according to the Foreign Exchange Office. Tourism income also grew by 20.6%, amounting to 48.8 billion dirhams, driven by a faster increase in sector revenues than expenses. Additionally, net foreign direct investment inflows rose by 31.5% to reach 26.16 billion dirhams, while Moroccan direct investment outflows remained steady at 5.71 billion dirhams.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article