Moroccan diaspora remittances among the highest in Africa

News published on Dec 12, 2022 @ 12:48 pm

Remittances from Moroccans abroad reached over US$7 billion in November. Monetary transfers from Moroccans living abroad are projected to reach US$11.4 billion in 2o22, making the country the third top ranking one in Africa in terms of remittances’ value.

Africa’s two most populous countries, Egypt and Nigeria, sat at the top of the ranking, with US$32.3 billion and US$20.9 billion transferred to them respectively.

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