Increase of more than 40% in transfers from Moroccans living abroad

Increase of more than 40% in transfers from Moroccans living abroad

Remittances from Moroccans living abroad (MREs) increased by more than 40% in the first quarter of 2021, compared to the same period last year. A boon for the Moroccan economy and households. If there is one part of the national economy that is resisting well to the effects of the Covid-19 pandemic, it is the foreign exchange earnings of Moroccan expatriates. Moroccans living abroad (MRE) sent more than 20.89 billion dirhams during the first three months of this year, against 14.73 billion dirhams during the same period in 2020, an increase of 41.8%, says the Office of Foreign Exchange in…

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