HIBAPRESS
The Exchange Office revealed that remittances from Moroccans residing abroad reached 92.73 billion dirhams by the end of last September, compared to 91.72 billion dirhams during the same period last year, recording a slight increase of 1.1 percent year-on-year.
The Office explained, in its monthly indicators for foreign exchange, that the trade deficit increased by 17.7 percent to reach more than 259 billion dirhams, as a result of an increase in goods imports by 9.2 percent to exceed 605.35 billion dirhams, compared to an increase in exports by 3.6 percent to reach nearly 346.3 billion dirhams. As for the services balance, it recorded a surplus of 114.52 billion dirhams, an increase of 9.4 percent compared to the same period last year, which is attributed to the growth of exports by 9.2 percent and imports by 9 percent.
