The Exchange Office said that Moroccans living abroad’s transactions exceeded MAD 30.56 billion by the end of April 2022, up compared to MAD 29.03 billion dirhams recorded a year earlier.
In its latest bulletin on monthly indicators of foreign trade, the office indicated that these transactions increased by 5.3%, or MAD 1.52 billion, compared to the same period last year.
Travel revenues more than doubled, reaching MAD 14,623 million at the end of April 2022, up compared to MAD 6,549 million recorded at the end of April last year.
Nevertheless, these data showed a decrease of 22.1% compared to the same period in 2020, and down by 36.3% compared to the end of April 2019.
The office further stated that expenses increased by 54.2% or MAD 1,483 million, reaching MAD 4,220 million by the end of April 2022, up compared to MAD 2,737 million recorded in the same period last year.
Travel receipts, the main component of trade in services, almost tripled, reaching MAD 10,403 million at the end of April 2022, up compared to MAD 3.812 million at the end of April 2021.
More recently, the Moroccan Administration of Customs and Indirect Taxes (ADII) has taken new measures to facilitate the reception of Moroccans Residing Abroad (MREs).
In a circular issued on Tuesday, the customs administration stressed that it mobilizes all human and logistical resources necessary for a quality reception service, in accordance with the standards and regulations in force.
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