(MENAFN- Morocco World News) Rabat - Remittance outflows from Moroccans living abroad increased by 3.4 percent in 2016, according to the Exchange Office.
Last year, these remittances reached 62.2 billion dirhams compared to 60.2 billion dirhams in 2015, the Rabat-based Exchange Office notes in its preliminary indicators of 2016.
For its part, the travel balance showed a surplus of 49 billion dirhams, a 3.3 percent increase compared to 47.5 billion dirhams a year ago, the Office notes, explaining that this performance is due to an increase of tourism receipts by 2 billion dirhams.
Foreign direct investment (FDI) flows amounted to 22.7 billion dirhams in 2016, compared to 31.8 billion dirhams a year earlier (+28.5 percent).
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