Transactions made by Moroccans living abroad amounted to nearly MAD93.3 billion by the end of December 2021, up compared to MAD68.18 billion reached a year earlier, according to the exchange office.
These transactions have shown an increase of 36.8% or MAD25.07 billion, specified the Office in its monthly bulletin of foreign trade indicators for December 2021.
The Office also reported an increase in trade services, amounting to over MAD64.16 billion, up by 0.3%.
In detail, exports improved by 6%, reaching MAD139.018 billion by the end of December 2021, and imports increased by 11.4%, totaling MAD74.855 billion, specified the same source.
Travel, which is the main component of trade in services, recorded a drop of 8.9%, compared to the end of 2020 as well as the end of 2019, the pre-COVID-19 period, which recorded a sharp drop by 59.2%.
This change is mainly explained by a decline of 6% in travel receipts, reaching MAD34.273 billion by the end of December 2021. Meanwhile, travel expenses remained almost stable compared to the end of December 2020, according to the same source.
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