Tag: Morocco

Arab postal organisations take part in workshop

Twenty-two Arab postal organisations took part in a workshop to familiarise themselves with the International Financial System (IFS), a low-cost post-to-post money transfer system, which is backed by the Universal Postal Union (UPU).

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Electronic money transfers: Spain and Morocco's Posts sign up

The Spanish Post (Correos de España) and its Moroccan counterpart (Poste Maroc) signed a reciprocal agreement yesterday to set up an electronic money transfer service.

José Damián Santiago Martín, CEO of Correos de España, and Anass Alami, Director General of Poste Maroc, announced that a service was being launched between the two countries, at a brief ceremony during the 24th Universal Postal Congress.

This service will be available at about 1,000 post offices in Morocco and 2,300 in Spain.

Around half a million Moroccan nationals live in Spain, said ALAMI.

In 2007, it is believed that Moroccans living in Europe sent around 4.8 billion EUR back to their country of origin. That figure was bound to rise considerably over the coming years, said Poste Maroc’s Director General, adding that he was very happy to be signing the agreement with Spain.

This accord follows on from the successful cooperation agreement signed between the UPU and the Spanish Government in December 2007. Its aim was that Spain would facilitate money transfers with Latin America and North African countries via the UPU’s international financial network. A goal that has been achieved in less than seven months.

This launch of exchanges between Spain and Morocco could pave the way for similar services in other North African countries.

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Arab countries agree to start money transfer exchanges

In Geneva to attend the 24th Universal Postal Congress, the postal leaders of Egypt, Jordan, Morocco, Qatar, Syria, Tunisia, United Arab Emirates and Yemen signed an agreement that will see them start exchanging money transfers electronically.
As with other regional projects, the money transfer service relies on the UPU’s IFS application and international financial network.

Launched by the Arab League and implemented by a regional steering committee chaired by Emirates Post, the project, also supported by the French Post, will allow the postal operators involved to exchange money orders on a multilateral basis from now on.

The new service furthers the UPU’s efforts to improve access to secure and reliable money transfer services through formal channels for rural populations, and especially for migrant workers.

Explains Emirate Post’s Nasser Fathi Sadiq Qaddoumi, Chairman of the steering committee: The multilateral agreement is giving the Arab region – with some countries in Asia and others in Africa – a push to provide better services to migrant workers. For example, more than 80 pct of the United Arab Emirates population of 5.8 million people consists of foreigners, and the situation in other Gulf countries is not much different, says Qaddoumi.

Other Arab countries said they would join the regional network by the end of this year.

A similar regional project is expected to start next week with countries from North Eastern Africa.

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