News
Remittances From Moroccan Diaspora Reached $7 Billion in November 2020
Source: Morocco World News
Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.
Total remittances reached MAD 61.91 billion ($7.05 billion) at the end of November 2020, an increase compared to MAD 59.57 billion ($6.82 billion) at the end of November 2019. The Foreign Exchange Office offered a comprehensive overview regarding Morocco’s economy today. The exchange office’s data shows notable resilience in the transfers made by Moroccans living abroad, despite the COVID-19 crisis.
About this News Item
Published
Latest from Our Blog
View all blog posts
Is There a “Steel Bullet” for Helping Businesses Grow?
Financial diaries which provide microentrepreneurs with tailored business reports are helping them to grow their businesses, showing the power of access to data.
Working to Promote Food Security in Burkina Faso
Claire Lossiané of YIKRI, winner of the 2023 European Microfinance Award, reflects on the MFI’s programs to combat malnutrition.
India’s Digital Divide Threatens the Progress of Financial Inclusion
There are three key challenges that need to be addressed to fulfill the promise of India's much-lauded digital public infrastructure, as mobile phones and internet access remain inaccessible for a significant segment of the population.