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Revenues of Moroccans residing abroad improve by 2.2 pc

Monday, 19 January 2015

The flow of foreign direct investment (FDI) reached 28.5 billion dirhams in 2014, against 27.7 billion dirhams a year earlier, an increase of 2.6 pc, according to the Exchange Office.

Despite this performance, FDI receipts declined by 12.3 pc and expenses related to these investments were down 48.7 per cent during this period, says the Office in a preliminary report about indicators of foreign trade for the year 2014.

Furthermore, revenues of Moroccans living abroad (MRE) had an improvement of 2.2 pc, reaching 59.1 billion dirhams in respect of the previous year, against 57.9 billion dirhams in 2013.

On travel receipts, they have experienced stability under the same period, falling to 57.4 billion dirhams, notes the same source.

Travel expenses, meanwhile, rose 9.2 per cent from 11.07 billion dirhams in 2013 to 12.10 billion dirhams in 2014, according to the Exchange Office.

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