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Wednesday, December 7, 2022

Moroccan Expatriates: Remittances Exceeded MAD 38 Bln at End of May

Remittances by Moroccans living abroad (MRE) amounted to more than 38.31 billion dirhams at the end of May 2022, against 36.47 billion dirhams a year earlier, according to the Office des Changes (exchange office).

These transfers are up 5% (+1.83 billion Dirhams), said the Office in its bulletin on the monthly indicators of foreign trade in May.

This bulletin also reported a surplus in the balance of trade in services, up 78.3% to more than 30.63 billion dirhams.

This development is explained by an increase in exports of 44.8% to reach 67.73 billion dirhams, more important than that of imports (+25.3%), according to the same source.ar

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