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Asharq Al-Awsat
Asharq Al-Awsat
Business
Rabat - Asharq Al-Awsat

Remittances of Moroccan Expats Reach $9.37Bln in 2021

central bank GDP Rabat
Remittances from Moroccan expats hit a record high at 93.7 billion dirhams in 2021. (AFP)

Remittances from Moroccan expats hit a record high at 93.7 billion dirhams ($9.37 billion) in 2021, up 37.5% compared to 2020, Bank Al Maghrib’s (BAM) annual report on the kingdom’s economic, monetary and financial situation showed.

Central Bank Governor Abdellatif Jouahri presented the report to King Mohamed VI at the royal palace in Rabat on Saturday.

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