Wednesday, 18 July 2007

Moroccan expatriates' remittances, tourism receipts up in 2007 first five months

Rabat, July 5 - Moroccan expatriates' remittances and tourism receipts have posted, up to May 2007, respectively a 15.6% and 8% rise compared to the same period of the previous year, according to figures released by the Office des Changes (Exchange Office).

The same source noted that tourism receipts totaled, by late May, some USD 2.4Bn as against USD 2.2Bn in the same period of 2006. Compared with the average of receipts by late May for the period 2002-2006, i.e. USD 1.54Bn, receipts increased by 55.9%.
According to the Department of Tourism, around 2.26 million tourists visited Morocco in the period in question, that is a 7% rise. [Read more]

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