
Remittances to Morocco Plummet 5.7% as Foreign Investment Drops 47%
Money transfers from Moroccans living abroad to their country of origin have seen a sharp decline, according to the latest figures released by the Office of Exchange.

Money transfers from Moroccans living abroad to their country of origin have seen a sharp decline, according to the latest figures released by the Office of Exchange.

The ministry in charge of Moroccans living abroad and migration affairs announced that the various institutions concerned with the affairs of Moroccans living abroad will be grouped together in a single mobile counter, which will take up residence from May 2 to 5 in Spain, as a pilot phase.

Money transfers from Moroccans residing abroad (MREs) are down, according to the monthly indicators of foreign trade for the month of February last released by the Foreign Exchange Office.

A sharp drop in remittances by Moroccans living abroad was recorded in January, according to figures just released by the Office of Exchange.

Funds transferred by Moroccans residing abroad are slightly down, according to the Foreign Exchange Office in a note on its monthly indicators of foreign trade for the 2018 fiscal year.

Remittances from Moroccans living abroad amounted to 59.65 billion dirhams during the first eleven months of the year, announces the Office of Foreign Exchange.