Remittances to Morocco Hit Record High of 117.7 Billion Dirhams in 2024
The year 2024 was prosperous for money transfers from Moroccans residing abroad (MRE), according to the latest figures published by the Office des Changes.
Thus, these transfers reached the record sum of 117.7 billion dirhams, an increase of 2.1% compared to the previous year.
This figure, published in the latest bulletin of monthly indicators of foreign trade, confirms the upward trend observed in recent years. In 2023, transfers already amounted to 115.26 billion dirhams.
The Office des Changes also highlights the good health of foreign direct investments (FDI) in Morocco. The net flow of these FDIs experienced a strong increase, reaching 17.23 billion dirhams, an increase of 55.4% compared to 2023. Receipts and expenditures related to these investments have also increased, reflecting a certain dynamism of the Moroccan economy.
On the other hand, Moroccan direct investments abroad (IDME) have declined. The net flow decreased by 23.2% to reach 6.05 billion dirhams.
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