A recently published monetary report shows that the value of Morocco’s foreign currency revenues from sources other than foreign trade reached over nine billion dollars by the end of 2001, which is the highest foreign currency earnings the country has recorded in the past few years, reported Al-Hayat . Tourism revenues totaled $2.5 billion and the foreign investments totaled three billion dollars in the same year.
Morocco recorded a 43 billion Moroccan dinar (four billion dollar) foreign trade balance surplus in 2001. The foreign commerce-covering ratio increased from 64 to 65 percent and totaled $20 billion, of which $12 billion were imports and eight billion dollars were imports. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
