Foreign currency savings in Morocco improve

A source in the banking system in Morocco asserted that the foreign currency savings reached $4 million during the first half of the current year, which is enough to pay for importing the commodities and the different services for 6 months.

This number reflects a noticeable improvement in Morocco's situation, as there is an increase in the foreign currency savings, the revenue from tourism and foreign investment sectors, and in expatriate transfers. There is also a decrease in the trade balance deficit due to an increase in exports, many of which are phosphates and its derivatives.