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Thursday, December 1, 2022

Transfers increase to more than 93 billion dirhams in 2021

Transfers of funds made by Moroccans residing abroad (MRE) amounted to nearly 93.3 billion dirhams (MMDH) at the end of December 2021, against 68.18 billion dirhams a year earlier, according to the Office des changes.

These shipments thus show an increase of 36.8% or 25.07 billion dirhams, specifies the Office in its monthly bulletin of foreign trade indicators for the month of December 2021.

The Office also reports a surplus in the balance of trade in services amounting to more than 64.16 billion dirhams, up 0.3%.

In detail, exports improved by 6% to stand at 139.018 billion dirhams at the end of December 2021, and imports increased by 11.4% to 74.855 billion dirhams, specifies the same source.

Travel, the main component of trade in services, posted a surplus balance down 8.9% compared to the end of 2020. In comparison with the end of 2019, the period before the Covid-19 crisis, this balance recorded a sharp drop. by 59.2%.

This change is mainly attributable to the 6% decline in travel receipts, standing at 34.273 billion dirhams at the end of December 2021. Travel expenses, meanwhile, remained almost stable compared to the end of December 2020.

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