Rabat- Morocco earned 17.55 billion dirhams from phosphate export in the first half of this year, according to the Foreign Exchange Office (FEO).
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Rabat- Morocco earned 17.55 billion dirhams from phosphate export in the first half of this year, according to the Foreign Exchange Office (FEO).
This is a decrease of 12.1 percent over the 19.98 billion dirhams earned during the same period in 2013, the FEO said in a report on the foreign trade for the month of June 2014. Morocco, the world’s largest producer of phosphates, has three-quarters of the world’s reserves.
Revenues generated from phosphate export and tourism as well as remittances by Moroccan immigrants are the country’s main sources of foreign exchange.
