DiasporaMRE: Remittances are approaching the 100 billion dirham mark

MRE: Remittances are approaching the 100 billion dirham mark


These transfers thus posted an increase of 14.6% (+12.6 billion dirhams) compared to the end of November 2021, specifies the Office which has just published its monthly indicators of foreign trade.

The indicators also show that travel receipts, under the effect of the recovery, more than doubled, going from 32.28 billion dirhams at the end of November 2021 to 81.72 billion dirhams at the end of last November.

These revenues show an increase of 153.2% compared to the same period of 2021 and exceed the level reached at the end of November 2019 (72.86 billion dirhams).

Expenses, meanwhile, stood at 14.76 billion dirhams. This level remains lower than those recorded in 2018 (17.10 billion dirhams) and in 2019 (17.26 billion dirhams), years before the health crisis.

Thus, the excess travel balance almost tripled, standing at 66.96 billion dirhams at the end of November 2022 against only 22.42 billion dirhams a year earlier.

The Moroccan Blog
The Moroccan Blog
The Moroccan Blog is an English based newsblog dedicated to Morocco. You can find here all news from Morocco across a variety of topics: Arts & Culture, Economy & Business, Lifestyle, Moroccan Sahara, MRE, Society, Tourism & Travel and more.

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