Moroccans abroad transfers exceed 27 billion dirhams

The Exchange Office reported that the transactions of Moroccans living abroad would have hit 27 billion MAD, up from 23 billion MAD the previous year, by the end of April 2023.

The Office also highlighted that these transactions had seen a rise of 16% from March 2022, in its most recent figures for international transactions.

A surplus in service transactions and an increase of over 17 billion MAD were also recorded by the office. Exports rose by 56.4 percent, or 60.05 billion MAD. In contrast, imports rose by 19.9 percent, or 26.86 billion dirhams.