Tag: remittances

Morocco expects $10 Bln in remittances & $8.4 Bln in travel earnings in 2022

December 22, 2022

Remittances by Moroccan expatriates are expected to increase by 12.9 pc to $10 billion in 2022 before dropping by 4pc to $9.6 billion in 2023 ... Read More

Remittances from Moroccans abroad to hit record level in 2022

December 5, 2022

Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in ... Read More

Morocco: Expatriates’ remittances exceed MAD 30.5 billion by end of April; FDIs increase by 5%

June 2, 2022

Remittances by Moroccan expatriates exceeded 30.56 billion dirhams at the end of April 2022, against MAD 29.03 billion a year earlier, according to the Office ... Read More

Remittances by Moroccans abroad hit record $10.7 bln

January 11, 2022

Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the ... Read More

Remittances by Moroccans abroad account for 20% of Morocco’s total forex reserves

June 23, 2021

Money sent home by Moroccans living abroad represented 20% of overall foreign exchange reserves held by Morocco, head of the government Saad Eddine El Othmani ... Read More

Morocco Receives FDIs Worth $2.4 billion in 2017

February 3, 2018

FDIs attracted by Morocco rose by 15.4% in 2017 to stand at 24.4 billion dirhams ($2.4 billion) compared to 21.2 billion in 2016, Morocco’s foreign ... Read More

Morocco: FDI Flow, Expatriates’ Remittances Grew in 2017

December 31, 2017

Remittances of Moroccans living abroad, one of the main source of foreign exchange reserves in Morocco, grew by 4% in the first eleven months of ... Read More

Morocco’s Trade Deficit Soars in April 2017

June 4, 2017

Increased imports and falling receipts from tourism and remittances by Moroccans living abroad have widened the trade deficit to 40.2 million dirhams, that is 36% ... Read More