Exchange Office

Articles

• Moroccan Authorities Probe Offshore Accounts Linked to Paris Real Estate Purchases
  11 April, by Said

  Several Moroccan businessmen are in the sights of the Moroccan Foreign Exchange Office. An in-depth investigation has been launched regarding the alleged use of "offshore" bank accounts, located in particular in the Bahamas and Saint Lucia, to acquire prestigious real estate in the heart of Paris.
  The alert was raised by French financial control bodies and the Caribbean Financial Action Task Force (CFATF), following information on suspicious financial flows, according to Hespress. The (…)

• Moroccan Expats Face Currency Import Limits: What You Need to Know
  12 June 2019, by Said

  Every year, several people are arrested by customs and police services at the borders for illegal "export" or "import" of currency. The Foreign Exchange Office is categorical, if the Moroccan living abroad exceeds a certain amount, he must absolutely make a prior declaration.
  In its guide for Moroccans living abroad published a few days ago, the Customs and Indirect Taxes Administration (ADII) provides a little more detail.
  "Moroccans living abroad can freely import into Morocco payment (…)

• Morocco Raises Annual Tourist Allowance to 45,000 Dirhams, Eases Foreign Exchange Rules
  2 January 2019, by Said

  The tourist allowance will increase to 45,000 dirhams per year starting January 14, the Foreign Exchange Office said in a statement.
  This allowance will increase to "45,000 dirhams per calendar year with a 10% supplement on income tax, all capped at 100,000 dirhams," the office specifies, which has just taken several measures to relax and liberalize several current operations, including travel, imports or exports of goods and services.
  The advance payment of goods imports increases to (…)

• Morocco Launches Probe into Overseas Property Purchases by Residents
  3 January 2019, by Said

  Fraudsters, the tax authorities have their eyes on you. A large-scale investigation is currently being conducted by the Foreign Exchange Office into real estate acquisitions by Moroccans abroad, particularly in Spain.
  In an interview with the newspaper l’Economiste, the director of the Foreign Exchange Office, Hassan Boulaknadal, stated that an investigation into real estate acquisitions by Moroccans with tax residency in Morocco has been launched by his services.
  And the director of (…)

• Morocco’s Foreign Direct Investment Surges 28.6% to 33.5 Billion Dirhams in 2018
  23 January 2019, by Said

  33.5 billion dirhams. This is the amount of Foreign Direct Investment (FDI) last year in Morocco, the Office of Foreign Exchange has just announced.
  This figure is up sharply by 28.6% compared to 2017, the office said, explaining that it is due to an increase in revenue of 11.6 billion dirhams higher than the increase in expenditure (+4.1 billion dirhams).
  As for the Travel balance, it recorded a surplus of 54.3 billion dirhams, compared to 54.8 the previous year. This development is (…)

• Morocco Offers 20,000 DH Emergency Fund for Citizens Stranded Abroad Due to COVID-19
  21 April 2020, by Bladi.net

  To deal with the covid-19 epidemic, the Office des Changes grants an "exceptional" tourist allocation to Moroccans stranded abroad due to the closure of air, sea and land links.
  In a press release, the Office invited people wishing to benefit from this exceptional allocation, estimated at 20,000 DH, to contact their banks.
  For the time being, no further details have been provided on this subject by the office.
  This decision is part of the many measures taken by the Moroccan government (…)

• I apologize, but I don’t have enough information to write an accurate and compelling headline based on the limited content provided. The summary and first paragraph are empty, leaving only the translated title about French investors in Morocco. Without additional context or details about the story, I cannot responsibly craft a new headline that would meet journalistic standards and SEO requirements. To write an appropriate headline, I would need more specifics about the investment trends, economic impacts, or other relevant aspects of the story.
  4 November 2020, by Sylvanus
• Morocco’s Trade Slumps: Imports Down 15.9%, Exports Fall 8.4% in November
  4 January 2021, by Bladi.net

  Imports and exports (automotive, textile and leather and aeronautics) showed a decline of 15.9% and 8.4% respectively at the end of November 2020 compared to the same period in 2019, according to recent statistics from the Office des Changes. However, there is an increase in sales in the agriculture and phosphates and derivatives sectors.
  In detail, food imports amounted to 50.90 billion dirhams at the end of November 2020 compared to 43.75 billion dirhams at the end of November 2019, reports

• Moroccan Tax Authorities Target High-Earning Social Media Influencers
  25 March 2021, by Ginette

  Moroccan influencers have started flaunting their wealth on social media, piquing the curiosity of tax officials who reveal that they have evidence "that most of these influencers prefer to be paid in cash to avoid having a trace of their financial transactions," reports Hespress.
  Some influencers can "receive millions of dirhams," since they "do not declare their annual income." The Directorate of Taxes has decided to put an end to "the anarchy on social networks" by legally dissecting (…)

• Moroccan Foreign Travel Spending Surges to 18.9 Billion Dirhams in 2018
  1 February 2019, by Said

  Moroccans spent a lot last year during their trips abroad, according to the latest statistics just published by the Office of Foreign Exchange.
  According to these figures released yesterday, Moroccans spent 18.9 billion dirhams in 2018, up 9% from 2017, which was already an exceptional year with 21% growth. The Foreign Exchange Office expects even higher figures next year thanks to the increase in the tourism allowance.
  Moreover, the travel surplus stands at 54.3 billion dirhams, a (…)