In 2022, Morocco recorded a historic peak in revenue from transfers by Moroccans residing abroad (MREs) , reaching 110.7 billion DH, an increase of 16% compared to 2019, according to the latest report from the Office des Changes on the balance of payments.
Just over 45 billion dirhams were sent to Morocco by Moroccans residing abroad by the end of last May, according to figures released by the Foreign Exchange Office .
According to the Office des Changes, the remittances of Moroccans living abroad (MRE) experienced a significant growth of 16% in March 2023, reaching nearly 27.11 billion dirhams. This figure represents an increase of 3.73 billion dirhams compared to the same period last year.
Morocco’s automotive exports reached 21.6 billion dirhams (1.9 billion euros) at the end of February, an increase of nearly 50% (40.5%) compared to the same period in 2022.
Remittances made by Moroccans living abroad (MRE) increased by 28.6% compared to February 2022. This is specified in the monthly indicators of foreign trade of the Office des Changes.
Morocco is able to multiply its Moroccan exports of construction materials by six. This is the conclusion of a study carried out by the Office des changes.
Remittances made by Moroccans living abroad (MRE) experienced a significant increase of 46.3% at the end of January 2023, reaching more than 9.22 billion dirhams, according to data published by the Office des Changes. This increase is around 2.917 billion dirhams compared to the same period last year.
Remittances from Moroccans residing abroad (MREs) experienced a significant increase in 2022, according to data published by the Office of Foreign Exchange.
Moroccan automotive exports generated a turnover of 100.37 billion dirhams at the end of the first eleven months of the year, an increase of 35% compared to the same period in 2021.
While the Office of Exchange says it has undertaken a reform to simplify the regime of tourist allowances for all stakeholders, including banks, it has been found that the new regime is detrimental to many Moroccans traveling abroad.
The Moroccan automotive industry has reached a record high in exports. At the end of last September, exports stood at 77.68 billion dirhams, their highest level during the same period over the past five years.
At the end of last August, Moroccan phosphate and derivative exports increased sharply, reaching 7.89 billion dirhams (MMDH), an increase of 67.7% compared to a year earlier.