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Revenues Of Moroccans Living Abroad On The Rise

Thursday, 18 December 2014

The flow of foreign direct investment (FDI) reached nearly 26.1 billion dirhams in late November 2014, against 23.6 billion dirhams a year earlier, an increase of 10.5 per cent, according to the Office of exchange.

Despite this performance, the FDI receipts declined by 8.9 pc and expenses related to these investments were down 52.1 per cent during this period, says the Office who has released preliminary indicators of external trade during the period January-November 2014.

Furthermore, revenues of Moroccans living abroad (MRE) noted an improvement of 1.3 pc, reaching 54.06 billion dirhams in the first eleven months of the year, against 53.37 billion dirhams during about past year.

Travel receipts went up by 0.2 pc, standing at 53.54 billion dirhams against 53.42 billion dirhams, notes the same source.

Travel expenses, meanwhile, rose 9.4 per cent from 10.22 billion dirhams at the end of November 2013 to 11.18 billion dirhams at the end of November 2014, according to the Exchange Office.

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