Morocco Sees 8.1% Drop in Remittances from Expatriates Amid Economic Downturn
The net flow of foreign direct investment (FDI) in Morocco fell by 7.2% and stood at around 8.34 billion dirhams (MMDH) at the end of June 2020, according to the Foreign Exchange Office. This is also the case for remittances from Moroccans living abroad.
FDI revenues fell by 22.2% to 12.96 MMDH and expenses by 39.7%, the Office said in its bulletin on foreign trade indicators at the end of June. As for the net flow of Moroccan direct investment abroad (IDME), it fell by 1.68 MMDH.
As for the remittances made by Moroccans Residing Abroad, "they recorded a decrease of 8.1% to more than 28.41 MMDH". Travel receipts, on the other hand, "decreased by 33.2% to nearly 22.4 MMDH at the end of June 2020, while expenses fell by 41.7% to 5.5 MMDH," the Foreign Exchange Office said.
Related Articles
-
Tangier’s Summer Spectacle: Luxury Car Invasion Transforms Beachfront into Millionaire’s Playground
2 August 2025
-
Moroccan Diaspora Shuns Homeland Beaches as Soaring Prices Drive Summer Exodus to Spain
1 August 2025
-
Hyundai Rotem Eyes Morocco’s Ambitious 2040 Rail Expansion, Pledges Long-Term Investment
31 July 2025
-
Ryanair Slashes French Flights as Airline Tax Soars, Sparking Competitiveness Concerns
30 July 2025
-
Morocco’s Real Estate Crisis Deepens: Transactions Plummet 30% as Housing Market Struggles
29 July 2025