Morocco’s Exchange Office stated that remittances from Moroccans living abroad exceeded 9.22 billion dirhams at the end of January 2023, compared to 6.3 billion dirhams a year earlier.
In its latest bulletin on the monthly indicators of foreign exchange for the month of January, the office stated that these remittances thus recorded an increase of 46.3 percent (2.917 billion dirhams) compared to January 2022.
The Exchange Office indicated that the trade balance surplus for services increased from 8.45 billion dirhams to 10.84 billion dirhams. This rise follows the significant growth of exports (up 117.2 percent to 19.18 billion dirhams) which outpaced imports (up 29.5 percent to 8.34 billion dirhams).
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