Morocco and Spain have signed an agreement to ease e-money transfer on the sidelines of the 24th Universal Post Congress, held in Geneva, Maghreb Arabe Press - the Moroccan news agency reported. The agreement was signed by managing director of Morocco's post office authority Poste Maroc, Anass Alami, and president of Spanish post, José Damian Santiago Martin. According to a press release of Poste Maroc, this service will be available through 1,000 offices in Morocco and 2,300 offices in Spain, where Moroccans are the largest foreign community with some 648,735 legal residents. In 2007, Moroccans living in Europe transferred $ 7.5 million to Morocco, said M. Alami, underlining that money transfer will increase in the next few years. The remittances of Moroccans living abroad jumped 5% in the first half of 2008 to reach $ 3.5 billion.
