Travel and expatriates receipts increase against drop in foreign investments and private loans

Moroccan finance flows in the first nine months of the year recorded increases of 11.7% in travel receipts and 11.6% in remittances by Moroccan Residents Abroad (MRA).

"Office Des Changes" figures show, however, a sharp drop (72.6%) in foreign investments and private loans.

Travel receipts reached end of September $ 1.64 billion when the total stood at $ 1.47 billion last year.

MRA money cashed in the nine months totaled $ 1.63 billion when at the same period of last year it stood at $ 1.46 billion, "Office Des Changes" statistics show.

As to foreign investments and private loans, they plummeted from $ 1.64 billion last year to $ 450 million end of third quarter 2000.