Over 5 pct increase of Moroccan expatriates remittances

Originally published May 11, 2004

Remittances of Moroccan expatriates increased by 5.7 percent during the first trimester of 2004, reaching 8.57 billion Dirhams (1 US dollar= nearly 9 Dh), compared to 8.1 billion Dh the previous year, figures released Monday by the Office des Changes (Exchange office) showed.

In comparison with the average of money transfers over the past five years, i.e 6.41 billion dh, remittances of Moroccan expatriates scored a 33.6 pct increase.

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