TABLE-Morocco trade deficit up 13 pct yr/yr in Q1

Mon Apr 16, 2012 9:59am GMT

RABAT, April 16 (Reuters) - Morocco's foreign exchange
regulator on Monday said the country's trade deficit for
January-March stood at 48.9 billion dirhams ($5.75 billion), an
increase of 13.2 percent from the year-earlier period.  	
    The regulator released the following data on the country's
trade, tourism receipts, transfers by Moroccan emigrants and
private foreign loans and investment (PFLIs) for the period.  	
    Morocco's currency is not fully convertible and growth in
tourism and remittances helps mitigate any destabilising impact
on the banking system from a net outflow of foreign exchange
caused by the surge in the trade deficit.    	
    (All figures are in billions of Moroccan dirhams)	
             Jan-March   Jan-March   Jan-Feb
             2012        2011        2012
 EXPORTS     44.36       42.53       27.46
 IMPORTS     93.22       85.68       60.23
 BALANCE     48.86       43.15       32.77
 MIGRANTS    13.50       12.80       8.91
 TOURISM     12.1        12.2        8
 PFLIs*      7           6.9         4.4
   (*) Private foreign loans and investment	
    For further details (in French) double click on: 	
($1 = 8.5037 Moroccan dirhams)	
 (Reporting By Souhail Karam)
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