Remittances Sent by Moroccans Living Abroad Exceed 36 Bln End May- Foreign Exchange Office

Remittances sent by Moroccans living abroad amounted to more than 36.34 billion dirhams during the first five months of 2021, compared to 24.19 billion dirhams in the same period of the past year, Morocco’s Foreign Exchange Office has said. According to the Office, these remittances are up 50.2%. Data also show a decline of 17.28 billion dirhams (-38.9%) in the trade services balance. This situation is due to a decline in exports by 46.85 billion dirhams (-19.6%) and imports by 29.56 billion dirhams (-1.5%), it noted.