The Moroccan Exchange Office (Currency Transfer & Control Office) revealed that the net flow of foreign direct investments reached 650 million dirhams ($65 million) by the end of January, registering a decline of 53.9 percent compared to the same period of 2020.
In its bulletin on foreign exchange indicators for the month of January 2021, the office attributed this decrease to a decline in foreign direct investment revenues by 7.8 percent to 1.87 billion dirhams ($187 million), coupled with a 97.6 percent decline in expenses.
As for the net inflow of Moroccan direct investments abroad, it increased by 693 million dirhams ($69.3 million), increasing more than doubled by the end of January, to 1.297 billion dirhams ($129.7 million), compared to 524 million dirhams ($52.4 million) in the same month of the previous year.
In parallel, disposals in these investments increased by 43.7 percent. In turn, the financial transfers of Moroccans residing abroad amounted to 5.894 billion dirhams ($589.4 million) at the end of January, compared to 5.417 billion dirhams ($541.7 million) at the end of January 2020. Achieving by that an increase of 8.8 percent, which was 24 percent compared to the end of January 2017.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
