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.
Exchange Office
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 (…)
Morocco Sees Sharp Drop in Foreign Direct Investment Amid Rising Outbound Investments
12 October 2019
The flow of Moroccan Direct Investments Abroad (IDME) recorded a strong increase, going from 2.89 billion dirhams in 2018 to 5.93 billion dirhams in 2019.
Morocco Raises Foreign Study Allowance to 12,000 Dirhams for Students Abroad
26 September 2019
The Office of Foreign Exchange has just published a new circular on the increase in the ceiling of the allowance for living expenses for study trips abroad from 10,000 to (…)
Moroccan Diaspora Remittances Dip Slightly, France Remains Top Source
3 August 2019
Until the end of last May, Moroccans Residing Abroad (MREs) transferred 25.86 billion dirhams to Morocco, a slight decrease compared to the same period last year.
Moroccan Diaspora Remittances Drop 3.4% in 2019, Office des Changes Reports
6 July 2019
A significant drop is observed in 2019 in the remittances of Moroccans residing abroad (MRE). These transfers, which reached 25.86 billion dirhams in the first five months of (…)
Morocco’s Exchange Office Outlines Currency Benefits for Expatriates in New Video
5 July 2019
The MREs are back and so are the official communications. After the customs services, it is the Office of Exchange that has just published a video on the facilities granted to (…)
Morocco’s Tourist Currency Quota Lags Behind North African Neighbors
19 June 2019
As absurd as it may seem, the foreign exchange quotas that the three Maghreb countries, namely Morocco, Tunisia and Algeria, have imposed on themselves, are not based on any (…)
Gulf Expats Boost Remittances to Morocco as European Transfers Decline
19 June 2019
The trend is downward for money transfers from Moroccans residing abroad (MREs), in general and, particularly, from the European continent. On the other hand, for those from (…)