Morocco
Moroccan Diaspora Remittances Surge 45.7% to $6.8 Billion Despite Global Crisis
At the end of the first 8 months of 2021, funds transferred by Moroccans residing abroad amounted to 63.7 billion dirhams.
Topic
Exchange Office
Morocco
Morocco's Foreign Direct Investment Surges 16.9% in First Eight Months of Year
The flow of foreign direct investment (FDI) to Morocco recorded a 16.9% increase during the first eight months of the year.
Morocco
Morocco's Exports Surge Despite Pandemic, Boosted by Industrial Initiatives
Despite the difficulties caused by the Covid-19 pandemic, Moroccan exports have increased significantly this year thanks to the industrial project bank initiative, which has contributed to a revitalization of Moroccan markets internationally.
Morocco
Moroccan Expatriate Remittances Surge 48% Amid Travel Sector Decline
During the first half of 2021, remittances from Moroccans residing abroad (MRE) reached more than 44.19 billion dirhams (MMDH), compared to only 29.83 MMDH in the same period last year, an increase of 48.1%.
Morocco
Morocco's Energy Bill Plummets 34.6% in 2020 Amid Falling Oil Imports
Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes .
Morocco
Morocco's Maritime Trade Dominates, Atlantic Ports Handle 94% of Shipping
The most used mode of transport in the kingdom is the maritime mode with 91.4 million tons (MT), or 96.3% of the total exchanges carried out with the rest of the world. This is according to the annual report of the [Office des changes] on foreign trade for the year 2020.
Morocco
Morocco's Automotive Exports Drop 10% in 2020, Leading Trade Decline
Automotive exports , Morocco’s leading export sector for seven years, amounted to 72.18 billion dirhams (MMDH) in 2020, down 9.9% compared to 2019.
Morocco
Morocco's Automotive Exports Surge 49.5% in Early 2021, Matching Pre-Pandemic Levels
Automotive exports reached 35.4 billion dirhams during the first five months of 2021, an increase of 49.5% compared to the same period in 2020.
Morocco
Morocco's Trade Deficit Widens 10.4% as Exports Surge in Early 2021
The trade deficit reached 80.95 billion dirhams at the end of May 2021, an increase of 10.4% compared to the same period in 2020. This is what emerges from a note from the Office of Exchange on the monthly exchange indicators for the month of May 2021.
Morocco
Morocco Expands Financial Benefits for Expatriates, Foreign Exchange Office Announces
The Foreign Exchange Office has designed and posted online a digital brochure on the exchange facilities and benefits granted to Moroccans residing abroad (MRE). From opening accounts to personal foreign exchange allocations, bank loans and guarantees, and foreign exchange investments in Morocco, the office explains everything.
Morocco
Moroccan Diaspora Remittances Surge 8.8% to $660 Million Amid Pandemic
From January 2020 to January 2021, remittances made by Moroccans residing abroad (MREs) to Morocco climbed to nearly 5.9 billion dirhams, an increase of 8.8%.
Morocco
Moroccan Diaspora Remittances Surge to $7.5 Billion in 2020, Defying Pandemic
Remittances from Moroccans living abroad increased by 5% to a total of 67.997 billion DH (MDH) in 2020 compared to 64,779 billion in 2019, according to the Office des Changes.