2024-01-02 01:45:22
Fund transfers made by Moroccans Residing Abroad (MRE) amounted to more than 105.46 billion dirhams (billion dirhams) for the first eleven months of 2023, according to the Foreign Exchange Office.
These transfers recorded an increase of 4.4% compared to the end of November 2022, indicates the Office in its recent bulletin on monthly indicators of foreign trade.
The said bulletin also highlights that the balance of trade in services showed a surplus up 19.6% to MAD 124.63 billion.
This increase follows the increase in exports (+17.5% to 238.62 billion dirhams), which is greater than that of imports (+15.3% to 114 billion dirhams).
Regarding travel revenues, they reached MAD 97.40 billion at the end of November 2023, up 15.8% compared to the same period a year earlier. For their part, travel expenses stood at MAD 22.15 billion.
Thus, the excess travel balance stood at MAD 75.25 billion at the end of November 2023, compared to +DH 66.63 billion during the same period of the previous year.
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