Rabat - The remittances of Moroccans living abroad have increased by 6.9 per cent to reach 9.48 billion Dirhams by the end of February compared to 8.86 billion Dirhams during the same period a year earlier, new figures from the Exchange Office have revealed.
The same source added that travel revenues were down 8.2 per cent while expenses increased by 9.2 per cent by the end of February, 2015.
Direct foreign investments in Morocco were down 15.2 per cent from 4 billion Dirhams to 3.4 billion Dirhams between February 2014 and February 2015. This is mainly due to a 13.9 per cent decrease in revenues which exceeded the decrease in expenditures (-8.9 per cent), said the Exchange Office which has just published the preliminary indicators of foreign trade for the year 2015.
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