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Foreign Exchange Office: Revenue growth of Moroccan expats up by 7.3 pc

Wednesday, 20 May 2015

The flow of foreign direct investment (FDI) reached 8.64 billion dirhams at the end of April 2015, against 7.70 billion dirhams a year earlier, an increase of 12.2 pc, according to the Exchange Office.

This result follows the increase in revenues (+ 7.5 pc), combined with lower spending (-9.6 pc), said the Office who has released preliminary indicators of foreign trade in April 2015.

Moreover, revenues from Moroccans living abroad (MRE) increased by 7.3 pc, reaching 19.4 billion dirhams at the end of April 2015 against 18.1 billion dirhams in the same period in 2014.

The balance trips a surplus of 5.4 billion dirhams against 6.2 billion dirhams at the end of April 2014, down 13.2 pc, the source added.

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