Moroccan Diaspora Remittances Reach $6.7 Billion in 2019, Bolstering Economy
7 February 2020
Funds transfers from Moroccans residing abroad amounted to 64.86 billion dirhams in 2019, compared to 64.92 billion dirhams in 2018.
Exchange Office
Morocco Launches 2020 Amnesty Program for Undeclared Foreign Assets
15 January 2020
As part of the 2020 spontaneous regularization operation relating to assets abroad, which will run from January 1 to October 31, 2020, the Office des changes has just published (…)
New Foreign Exchange Rules Ease Restrictions for Moroccan Businesses in 2020
11 January 2020
For the year 2020, a host of new measures have been taken by the new foreign exchange operations instruction in favor of operators.
Morocco Eases Foreign Exchange Rules for Expats and Residents in 2020
8 January 2020
The Office of Exchange is playing the flexibility card. The new general instruction on foreign exchange operations indeed includes several easing measures, which will benefit (…)
Morocco’s Remittances Stagnate as Tourism Revenue Rises, Foreign Investment Drops
4 January 2020
At the end of November, the revenues of Moroccans residing abroad are stagnating with the drop in FDI received. At the same time, tourism revenues are increasing.
Morocco Launches Foreign Asset Disclosure Program for 2020
3 January 2020
From January 1 to October 31, 2020, the Office des changes will carry out the Voluntary Disclosure Operation (ORS). This is the main information provided last Tuesday by the (…)
Morocco Doubles Tourist Allowance Ceiling to 200,000 Dirhams, Expands E-commerce Limits
2 January 2020
The Director of the Office of Foreign Exchange, Hassan Boulaknadal, stated that the percentage of indexation of the tourist allowance to the Income Tax will increase from 10 to (…)
Morocco Introduces New Banking Rules for Hajj Pilgrimage Expenses
30 December 2019
The Foreign Exchange Office has set new rules governing transfers related to the accommodation costs of Moroccan pilgrims in Saudi Arabia.
Morocco Cracks Down on Untaxed YouTuber and Influencer Earnings
2 December 2019
The Foreign Exchange Office wants to track down YouTubers and influencers who are not in compliance with the tax authorities. In this regard, they have been granted a one-month (…)
Morocco’s Trade Deficit Widens 2.6% as Consumer Goods Imports Rise
6 November 2019
Morocco’s trade deficit stood at 154.46 billion dirhams (MMDH) at the end of September 2019, compared to 150.83 MMDH in 2018, an increase of 2.6%, according to the Office of (…)