Moroccan Diaspora Remittances Surge 46% in January, Boosting Economy

This strong increase in remittances from MRE is excellent news for the Moroccan economy, as it helps strengthen the country’s balance of payments. Remittances from MRE represent an important source of foreign exchange for Morocco, which helps reduce the trade deficit and support economic growth.

In addition, the Office des Changes also reported an increase in the services trade surplus. This increased by 8.45 billion dirhams to reach 10.84 billion dirhams. This increase is due to a significant increase in exports (+117.2% to 19.18 billion dirhams) compared to imports (+29.5% to 8.34 billion dirhams).