Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:00From the heat of Guelmim, the heat is
00:00:01the trend continued very strong. The sea is full of waves.
00:00:05I don't like the sea to be calm. And here,
00:00:08the cooling of the recorded temperature rise during
00:00:11this summer period has doubled the number of visitors to this beach, which
00:00:15provides ideal conditions for enjoyment and relaxation
00:00:18away from the heat of
00:00:222025. This the inland areas. The enjoyment is not complete except by swimming in these
00:00:25clear, refreshing waters. We
00:00:29came from home. This sea
00:00:34have a positive impact. Professor, in this is very beautiful. It's a family beach.
00:00:37It's respectable and beautiful. It has beautiful beaches. The whole
00:00:40area is surrounded by good beaches.
00:00:43We came with the family to relax a bit and spend
00:00:48is a great the holidays. We came to Mirleft beach. As for the sea, it's very beautiful,
00:00:52clean, and the managers are nice. The people
00:00:57in there are nice. We come here to Mirleft, Sidi Ifni, or Legzira, or all the areas near
00:01:01Sidi Ifni to relax and
00:01:04contribute today to to escape the heat in Guelmim. This sea is beautiful,
00:01:07thank God. You know, the people
00:01:10there are nice.
00:01:13the lofty goals that are in cost adopted in It's beautiful, with its waves, everything is good for swimming. It's clean. We're spending the holiday in Mirleft because
00:01:17it's beautiful, and Mirleft is beautiful anyway, and it has a sea.
00:01:20We came here to swim and play with the kids
00:01:24and to relax
00:01:27and rest. The weather here is nice. It's very nice. Today
00:01:30we went swimming, playing,
00:01:33playing with the kids and having fun.
00:01:37mainly focused on Now we came
00:01:38and logistical resources to Mirleft. The sea.
00:01:41My dad, mom, and I are swimming
00:01:44and playing football. Me
00:01:48today we have an opportunity in and our friends. and have gone far A beach with special
00:01:51to savings, and if we talk attractions that make it one of the most popular summer destinations
00:01:54for vacationers who find in these spaces the ideal
00:01:57tourist destination for spending their summer vacation.
00:02:0125% of Goals made a difference
00:02:04and goal scorers wrote their names in letters of
00:02:07gold in the journey of the Atlas Lionesses towards the top of
00:02:11Group A in the Africa Women's Cup of Nations,
00:02:14added value and move us from Morocco 2026.
00:02:17From Sakina Azrawi to Maryam Atiq and from Ibtisam Jraidi
00:02:21to Sanaa Masoudi, each of them has a success story
00:02:24that led her to defend the colors of the national
00:02:27team. More details in the report. Safaa
00:02:30Nouri.
00:02:33Brilliance and leadership did not come from nothing. They are the fruit of
00:02:37years of work, persistence and belief in the dream of wearing the national
00:02:41jersey. In the Africa Women's Cup of Nations, Morocco
00:02:442026, each goal has a story and each
00:02:502%. In this goal scorer has a success story returns, but it has worth telling.
00:02:52The beginning of the continental journey was against Kenya when the
00:02:55first visitor scored in the 19th minute. Sakina
00:02:58Azrawi, born in 2001 in the city
00:03:02of Barcelona, Spain, opened the festival of goals
00:03:05and announced the start of Morocco's journey towards the top.
00:03:08are the reasons behind The striker, who honed when we talk about her talent between Spain
00:03:11I can talk to you about and Belgium and excelled with Belgian Anderlecht, confirmed
00:03:15that her European experience found its way into the African
00:03:18net. It wasn't
00:03:22I believe that in long before it was the turn of Maryam Atiq, the daughter of Kalaat
00:03:24Sraghna, who added the second goal in the
00:03:2728th minute. The defender, whose talent
00:03:30was shaped in the Spanish stadiums before returning
00:03:33to defend the colors of Fath Union Sport,
00:03:37So today, if this began her international career in 2022 in preparation for the World Cup
00:03:40and proved that defenders also possess a scoring
00:03:43instinct. And after four minutes, the top scorer, who
00:03:47used to make history whenever she wore the national jersey,
00:03:51appeared. Ibtisam Jraidi made her glory with the Royal Army
00:03:54and won with her local and continental titles before
00:03:58And of course, as it was mentioned continuing her career with Al-Ahli Saudi, and she is the first Moroccan
00:04:01and Arab woman to shake the net in the Women's World Cup final
00:04:06benefited from the competencies after leading Morocco
00:04:08power of many to its first World Cup victory against South Korea and against Kenya, she scored the
00:04:12third goal, then returned to complete the quartet. In
00:04:15the North African summit against Algeria, the defense remained
00:04:18steadfast until the
00:04:20since this 84th minute before Sanaa Masoudi carved her way towards the opponent's
00:04:24goal. The Royal Army striker,
00:04:26meaning in the future, born in 1999,
00:04:29the daughter of Casablanca, chose the most difficult moments to fulfill Morocco's
00:04:33winning goal and write her name among the top scorers
00:04:35of the tournament. Five goals, four top scorers,
00:04:40exceptional resilience and seven points, and a deserved lead for Group A. They continue their journey
00:04:44towards the knockout stages, where a challenge awaits them
00:04:48named South Africa, the title holders and the team that
00:04:51snatched the cup from them in the final of the 2022
00:04:54edition. But the Moroccan women enter the quarter-finals
00:04:57carrying two weapons that have proven
00:05:01their effectiveness from the start: top scorers who know the way to the net
00:05:04and fans who love the game
00:05:07madly.
00:05:10With this, we have reached the end of this bulletin,
00:05:13and this is a reminder
00:05:15of its headlines.
00:05:20Royal care and attention is given to the health sector through
00:05:24the rehabilitation of the health system in the Kingdom. The rehabilitation challenge relies on
00:05:27training medical and
00:05:31paramedical competencies in various specialties.
00:05:34A royal vision that is translated today
00:05:37through modern institutions and training paths
00:05:40that meet the highest standards.
00:05:43In preparation for a new generation of health professionals.
00:05:59The events witnessed at the crossing points leading to Ceuta
00:06:03and Melilla brought the issue of migration back
00:06:06into the spotlight. A file in which security,
00:06:09humanitarian, and development dimensions are intertwined,
00:06:13and Morocco continues to consolidate a comprehensive approach
00:06:16that makes migration a shared responsibility based
00:06:19on strict management and respect for international
00:06:39commitments. In the midst of increasing risks of forest fires,
00:06:42Morocco continues to strengthen its prevention and intervention system
00:06:46by mobilizing advanced human
00:06:50based on monitoring and early warning, in addition
00:06:54to deploying specialized air and land means
00:06:57within a strict field coordination between
00:06:59the various stakeholders.
00:07:06Thank you, dear viewers, for your kind attention. May you be safe
00:07:10in God's care.
00:07:55We welcome you, dear viewers, to a new
00:07:58episode of the program "Economy in
00:08:02a Week." Remittances from Moroccans residing abroad
00:08:05are one of the most vital pillars of the national
00:08:08economy. They are a safety valve for the financial balance of the Kingdom,
00:08:12in addition to forming a strong social
00:08:16link that connects the generations of the diaspora
00:08:19to their homeland. The latest statistics indicate that
00:08:22remittances from Moroccans abroad increased during May
00:08:25to exceed 50 billion dirhams. However,
00:08:29the developmental problem lies in the weak channeling
00:08:32of these important financial resources towards
00:08:35investment projects. In addition
00:08:38to that, the high cost of financial
00:08:41remittances is one of the most prominent structural obstacles
00:08:45that prevent maximum benefit from
00:08:48savings directed to Morocco. These
00:08:51points and others will be discussed in
00:08:55this week's episodes. Before that, let's watch the following
00:08:57report.
00:09:02Remittances from Moroccans residing abroad are a pivotal
00:09:06element within the macroeconomic balance system
00:09:09of the Kingdom. This importance
00:09:12is mainly evident in their direct role in strengthening the national
00:09:15reserves of foreign currency and supporting the purchasing
00:09:20families. In recent years,
00:09:23remittances from Moroccans abroad have witnessed
00:09:26an unprecedented upward
00:09:29trend, exceeding all estimates
00:09:32and initial indicators of international financial
00:09:36institutions. After these flows used to record
00:09:39an annual average of around 60
00:09:43to 65 billion dirhams in the years
00:09:46preceding the Covid crisis,
00:09:49the Moroccan diaspora showed
00:09:53and solidarity,
00:09:55as remittances jumped remarkably to exceed the 93
00:09:59billion dirham mark in
00:10:032021,
00:10:05before continuing to break records by registering
00:10:09110 billion dirhams in
00:10:122022,
00:10:15then 115 billion dirhams in
00:10:182023.
00:10:21This dynamic did not stop there, but
00:10:26to rise during 2024
00:10:28to exceed
00:10:3218 billion dirhams, reaching
00:10:35a record peak of more than 122
00:10:39billion dirhams
00:10:42by the end of
00:10:47growing performance continued its extension into
00:10:502026, where remittances amounted to
00:10:54more than 50 billion dirhams
00:10:57during the first five months
00:10:59alone.
00:11:01And if the official data issued by financial
00:11:05governance institutions confirm the upward
00:11:08trend of these resources, then
00:11:11the developmental problem remains
00:11:14regarding the effectiveness of redirecting these capitals towards
00:11:17productive sectors with
00:11:21added value. And benefiting
00:11:23from these flows
00:11:27requires addressing structural obstacles related to the weak involvement
00:11:30of the diaspora in the entrepreneurial fabric, in addition
00:11:33to reducing the financial banking
00:11:37intermediation in accordance with international
00:11:40recommendations and standards. Nearly
00:11:4387% of these remittances are
00:11:46directly directed to support the daily consumption
00:11:49of families, in addition to healthcare
00:11:52and education. As for the remaining
00:11:55percentage, it is often limited to classic
00:11:59unproductive investments,
00:12:02individual real estate and liquid assets, in
00:12:05addition to small commercial activities. One
00:12:09of the most important obstacles that limit the effectiveness of these
00:12:13financial flows and consume a significant
00:12:16portion of their value is the high fees for sending
00:12:20money. According to World Bank data,
00:12:24the average cost of sending 200
00:12:27US dollars to Morocco hovers around
00:12:305.9%,
00:12:33which is a figure that far exceeds the
00:12:36target set within the United Nations Sustainable
00:12:39Development Goals, which aims to reduce
00:12:43to less than three
00:12:47percent by 2030.
00:12:49This cost varies depending on the sending
00:12:52channels and the countries of origin, with
00:12:55the highest costs recorded for cash-based transfers
00:12:59through traditional agencies, sometimes reaching more
00:13:03than 8%, while they decrease when
00:13:06relying on digital applications and direct
00:13:09transfers between bank accounts to reach about
00:13:15context, Bank Al-Maghrib, in cooperation with
00:13:18international partners such as the World Bank,
00:13:21seeks to encourage financial technology
00:13:24and digitalization solutions to enhance competition
00:13:27among actors and facilitate financial flows at
00:13:30a lower cost and higher credibility, which
00:13:34allows for better utilization of every
00:13:37dirham sent from
00:13:38overseas.
00:13:43To discuss this topic, we are pleased to host Professor
00:13:47Driss Alaoui, the expert and economic analyst. Welcome.
00:13:50Welcome. First, Professor, remittances from Moroccans
00:13:54residing abroad are a great support for the national economy,
00:13:57of course, through the inflow of foreign currency into the treasury
00:14:00and also social support for many families.
00:14:04The latest statistics indicate that these remittances exceeded
00:14:0750 billion dirhams, and Bank Al-Maghrib expected
00:14:11them to continue to grow to reach about 129
00:14:15billion dirhams between 2025 and 2027. Professor,
00:14:19a reading of these figures and indicators.
00:14:23in your introduction, today we are talking
00:14:27about a pillar of the national economy
00:14:30because today, if we look at the last five years, we are
00:14:34talking about a significant increase and
00:14:37development from one year to
00:14:41another. Today we are talking about more than 122 billion
00:14:45dirhams during 2025.
00:14:48So if we talk about what was done in May,
00:14:51we are talking about more than 50 billion dirhams, and what
00:14:55is important to note is that there is an increase of approximately
00:14:5910%, compared to the same period
00:15:03of 2025. Therefore, today
00:15:06these remittances from Moroccans abroad can be considered
00:15:10a safety valve for the foreign
00:15:13currency of the Kingdom of Morocco, because if
00:15:17we take the foreign currency of the Kingdom of Morocco,
00:15:20we are talking about approximately six months,
00:15:23almost a quarter of it comes from remittances
00:15:26from Moroccans abroad. Therefore, the importance of
00:15:30these remittances lies not only
00:15:33in helping families, but also in
00:15:37purchasing power, because if we talk about the economy
00:15:40in general and comprehensively, we know that
00:15:44the Moroccan economic growth is always linked to domestic
00:15:47purchasing power. Therefore, the higher the purchasing
00:15:51power, the more economic growth there will be.
00:15:55So it is certain that since
00:15:57more than five years ago, we have been talking
00:16:00about what we lack today is to convert
00:16:04these funds into
00:16:07productive investments and investments that can
00:16:12regard, allow me to interrupt, integrating
00:16:15Moroccans abroad today into the development challenge. We know that
00:16:18there are important contributions to supporting the national economy
00:16:22through remittances from Moroccans, but on the other hand, there
00:16:26weakness in investment, meaning only
00:16:2910% is converted into productive
00:16:32investments
00:16:34Morocco. It is certain, Professor, that when
00:16:38I said that the challenge today is how we can benefit
00:16:42from these remittances from Moroccans abroad so that we have
00:16:45investments that create added value and create
00:16:48jobs, because if we talk about statistics, only 10%
00:16:52goes to investments. If we take
00:16:55it as a whole, we will find that only 1% of investments
00:16:59go to sectors that are strategic
00:17:02and have very high added value. Therefore, today
00:17:06we should not limit our analysis
00:17:09to this 10%, but also look at other
00:17:13amounts because the statistics talk about
00:17:17approximately 60% directed
00:17:20to family aid, etc. We have approximately
00:17:2330% going
00:17:28about savings, we should not forget that they
00:17:31have an impact and a very important role in the liquidity of
00:17:35banks, because we are talking about approximately
00:17:39national savings. So today, if you take
00:17:4230% and 10%, that's 40% of the total
00:17:46amount. We are talking about very
00:17:49large amounts. Today, if we talk in economic terms,
00:17:52if we look at an average and talk about
00:17:5640 to 50 billion dirhams annually,
00:17:59if we talk about investment in promising sectors and strategic sectors that have
00:18:03high added value and economic growth,
00:18:06because if we go to strategic sectors, we know that the analysis
00:18:10that we can talk about to talk about a sector
00:18:14that is important and attractive for
00:18:16investments is that it has annual growth and it has
00:18:20a risk percentage and it has, of course, not just investment
00:18:25an economic term called economic value added.
00:18:29If I take these indicators and analyze them,
00:18:32I say that we have a lack
00:18:36or opportunities that we can benefit
00:18:40from in the Kingdom of Morocco, but we don't.
00:18:42And Professor, what
00:18:46these reasons?
00:18:49the development of these
00:18:52remittances from Moroccans abroad, because in the past, it was not
00:18:56possible for us to talk about this, meaning
00:18:59with these economic terms to encourage
00:19:03Moroccans abroad. Today, if we look at the nature of the formation
00:19:07of Moroccans abroad, we are talking about businessmen,
00:19:10we are talking about doctors, engineers, students who have reached
00:19:13great competencies, unlike in the past, meaning previous generations
00:19:17only had workers who we only talked
00:19:21about them helping their families
00:19:24only. So today, what we need is
00:19:27that Moroccans abroad need
00:19:30to confirm that percentage of trust, and we can
00:19:34also talk about forming
00:19:37an investment force. Why? Because if we take
00:19:41examples of countries that
00:19:44of their citizens outside their homelands, what do they do? They create
00:19:47investment funds and investment funds
00:19:50are created. And that fund of
00:19:53for example, Moroccans abroad, and we see that there
00:19:57are companies to confirm to you
00:20:00that the amount that you will invest in the Kingdom of Morocco
00:20:04will give you a return of 5% or 6%
00:20:07so that we can talk about the sustainability
00:20:10of these investments, and I
00:20:13mean, for more than four years, I have always called for
00:20:17a roadmap with a phased evaluation.
00:20:21Today, if we are at 10%, it's not a shame,
00:20:24but the shame is to go more than 10 years
00:20:27and still be at this
00:20:30level. It is certain that last year I saw that the Minister
00:20:33in charge of investments had meetings that we were talking
00:20:36about three years ago. There were
00:20:40meetings with Moroccans abroad in the regions
00:20:44of the Kingdom. Today we need to evaluate these meetings. Did they give
00:20:48us any results or not? Let's look
00:20:50at the potential, meaning the future, of
00:20:53these Moroccans abroad who send us these amounts. Let's look
00:20:57at why we remain at 10% and are limited
00:21:01only to sectors that we say do not have
00:21:04a high added value so that we can talk about a roadmap
00:21:08for the medium and long term.
00:21:12And why not set targets
00:21:16for five years and 10 years that we can talk about,
00:21:20for example, 20% of investments in
00:21:22promising sectors and strategic sectors.
00:21:26And we should not, and this is also an opportunity to talk to Moroccans
00:21:29abroad that today the Kingdom of Morocco is a destination
00:21:33for foreign investors. If we are talking about a destination
00:21:36for foreign investors, then
00:21:39those investors, of course, have their standards
00:21:42that are well-known internationally. These people would not come if they had not
00:21:46seen great opportunities for investment
00:21:49returns. Therefore, today, just
00:21:52as Moroccans abroad
00:21:54the epic, for example, in the World Cup, these Moroccans
00:21:58abroad will contribute to achieving
00:22:03the new development model that His Majesty
00:22:06King Mohammed VI, may God assist him, wanted to be
00:22:10a model whose returns directly benefit
00:22:13all citizens. Today, if we are talking today about
00:22:17strategic sectors, we can talk about growth
00:22:20that exceeds 20% and added value that exceeds
00:22:2325%, for example, in strategic
00:22:26sectors and digitalization. So today, if Moroccans abroad are in
00:22:30countries that have made great strides, for example, in digitalization,
00:22:34in the digital economy,
00:22:38the Kingdom of Morocco to go in this direction
00:22:41so that in the medium
00:22:45and long term, we can talk about that capital
00:22:48that the Kingdom of Morocco returns
00:22:52to Moroccans abroad and they have that investment
00:22:56power not only in
00:22:59infrastructure, but also in vital sectors that can create
00:23:04family aid, which we go to, to having
00:23:08an impact to create job opportunities, and this is the biggest
00:23:12challenge today in the Kingdom of Morocco. This leads us to talk about the effectiveness
00:23:15of today's incentive mechanisms that are offered.
00:23:19There are investment funds. How do these
00:23:22mechanisms contribute, and are they effective
00:23:24and efficient in converting this part of these
00:23:28remittances into investments that you said are successful in
00:23:31industrial sectors and sectors with high added value? It is certain that
00:23:35if we talk today about the direction of the Kingdom of Morocco, it is to
00:23:39provide assistance to investors, whether they are foreign
00:23:42investors or Moroccans abroad. Today, what we need
00:23:46is to also invest in communication, because it is not
00:23:50possible that these programs that exist today, among
00:23:54which is the new investment charter, which is very important
00:23:57for me, which gives - and this is an opportunity to remind Moroccans
00:24:01abroad of this information - that it may reach
00:24:0430% of the total investment as aid, not
00:24:08a loan. It is aid, and of course, there
00:24:11are also banks that may trust those projects
00:24:15and go ahead and finance
00:24:18them, because the biggest challenge, I always say, is
00:24:22the active participation of banks, because they are the engine of the economy.
00:24:27new investment charter is a mechanism
00:24:30to support investment,
00:24:33and not just to support investment in
00:24:37a specific area, but to expand
00:24:40the base, then today we know that Moroccans abroad
00:24:44always have that longing for the region they come from. Therefore,
00:24:47if we look at remote areas, there are territorial
00:24:50incentives, there are sectoral incentives, and there are also
00:24:54employment incentives, meaning for employing labor.
00:24:58Therefore, what is needed today
00:25:00is not to delve too much into numbers, but to look
00:25:04at the impact. If it has been two or three
00:25:07years, I think,
00:25:10new investment charter for strategic
00:25:13sectors and large companies was introduced, then today
00:25:17this is an opportunity to say what we have achieved
00:25:21in this period. And when we talk about what we have achieved,
00:25:24it's not about the signed contracts, meaning how many
00:25:28investment contracts we have signed, but how many
00:25:31projects have reached 50%, 60%, or
00:25:3580%? How many job opportunities
00:25:39have been created? And when you bring Moroccans abroad and you bring
00:25:42معهم هذه افكار اللي ربما اننا نشاركوها يعني جميع
00:25:46لان اعتقد بان من مسؤوليتنا ايضا حنا اننا
00:25:49نعطيو امثله حيه هو انه الى جبت مغاربه العالم وجبت
00:25:53two or three companies or entrepreneurs
00:25:57who benefited from this new investment
00:26:01charter and he told you, "I started with an amount
00:26:04of 10 million or 20 million dirhams, and here's where I am now,"
00:26:08and I gave living examples, perhaps I will benefit from
00:26:11those Moroccans abroad, even if he doesn't want to reinvest.
00:26:14Meaning, from scratch, we give, there are
00:26:17mechanisms that tell him, "Look, these people have started projects, they want
00:26:21to develop, they want to develop their project." So you evaluate
00:26:25those companies, and when you evaluate them, you tell him, "Welcome,
00:26:29come and enter the capital, enter the capital." You have found
00:26:33that capital that was going to some
00:26:36sectors that did not have added value. You come and give him
00:26:39a project that is on the right track
00:26:43and has prospects and has the ability to
00:26:46make profits in it. And of course, if we talk about 30% going
00:26:50to savings, you will tell him, "Instead of saving that 30% of
00:26:53that whole amount, you will give us 10% or
00:26:5615% of that amount, and you have that return on it,
00:27:00and its yield, and its residual
00:27:04benefit gives you the vision for five years, seven years, 10
00:27:08years." And when you see successful models,
00:27:11it is certain that a Moroccan
00:27:14resident in other countries who speaks
00:27:17the language of businessmen will see profit, and of
00:27:21course, he will not back down. The way we
00:27:24can make the participation of Moroccans
00:27:28abroad a reality so that we can then talk
00:27:31about sustainability and durability. These
00:27:34also play an important role in achieving regional development
00:27:38for all regions. It is certain because, as
00:27:41I previously said, dear
00:27:45Professor, Moroccans abroad, we know that we have
00:27:48that connection to our regions. So today, if you go to those
00:27:52remote areas, there may be in the new investment
00:27:55charter that can go up to 15%,
00:27:59meaning it gives you from the value of the investment.
00:28:09investment, but also we have this culture that
00:28:13the people of the country, the people of the region where he is,
00:28:17I brought an investment and I will employ people in it. And of course,
00:28:20there will be returns on my investment.
00:28:23Just if you allow me, as a
00:28:27One last point is that in order to achieve all of this,
00:28:30the effective involvement of politicians is essential. Because today, I mean,
00:28:34I am in contact with Moroccans around the world who live far away. What happens
00:28:38is that they want to invest in those distant areas, but the infrastructure, meaning
00:28:42the roads and how to reach that area, there are some things
00:28:45that we can work on. Yes, let's discuss a very
00:28:48important point in this field, which is the issue of the cost
00:28:52of Moroccan remittances. Of course, the United Nations recommends
00:28:55reducing remittance fees to less than
00:28:583%, but we have a cost
00:29:02that reaches 5%. What is the solution
00:29:05to this problem? Well, of course, when we talk
00:29:10cost, thankfully, today it is not
00:29:13an obstacle. It is true that there is a cost
00:29:17that could burden these people
00:29:21who want to make remittances.
00:29:24the Kingdom of Morocco, we need to be aware of the nature
00:29:27of remittances. Our remittances mostly go to families,
00:29:31to families in remote areas, etc.
00:29:34Remittances are among these, among these
00:29:38these, I mean, remittances that
00:29:40go, or among the solutions we are talking about,
00:29:44is the use of technology. This FinTech
00:29:47we are talking about FinTech that can solve the problem,
00:29:51not only of cost, but also of the speed
00:29:54of families receiving these amounts. Because if
00:29:57we talk about these remittances through these
00:30:01advanced technological programs, we are
00:30:04talking about the operation, or
00:30:07the transaction, or the process, you will do it from your phone
00:30:10and the person who, of course, has had these
00:30:13amounts transferred to him will receive them immediately. However, as I told you, we need to
00:30:17understand the structure. Not everyone has access. Yes, that is
00:30:21the question, is this process available to everyone? It is
00:30:24not whether it is available, but whether we can implement it. It is available,
00:30:29in the near future, it will be available. It will just remain, meaning
00:30:33whether we will familiarize ourselves with it quickly or not, because
00:30:36today the vast majority, what do they talk about? They talk about
00:30:40remittances from bank agencies, from, I mean, from bank to bank,
00:30:43and they go and take their national ID card and go get their money. Therefore,
00:30:47today, this cost, as I told you, there is also something
00:30:51that we need to work on in the Kingdom of Morocco. We are talking about very large
00:30:54amounts. We said that Bank Al-Maghrib is talking about approximately
00:30:58130 billion dirhams, a total amount.