HomeEconomyTransfers exceed 17 billion dirhams at the end of February

Transfers exceed 17 billion dirhams at the end of February

Transfers of funds made by Moroccans residing abroad (MRE) amounted to nearly 17.3 billion dirhams (MMDH) at the end of February 2023, against 13.45 billion dirhams a year earlier, according to the Office des Changes.

These transfers thus posted an increase of 28.6% (+3.84 billion dirhams) compared to February 2022, specifies the Office in a document on the monthly indicators of foreign trade for the month of February.

In addition, the Office reports a surplus in the balance of trade in services up by more than 13.51 billion dirhams. This increase follows an increase in exports (+88.3% to 37.65 billion dirhams) greater than that of imports (+31.4% to 17.31 billion dirhams).

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