Exchange Office

Moroccan Diaspora Remittances Surge to $7.5 Billion in 2020, Defying Pandemic

5 February 2021

Remittances from Moroccans living abroad increased by 5% to a total of 67.997 billion DH (MDH) in 2020 compared to 64,779 billion in 2019, according to the Office des Changes.

Moroccan Buyers Fuel Surge in Spanish Property Purchases Amid Price Drop

3 February 2021

Moroccans residing in Morocco acquired a significant number of real estate properties in Spain in 2020. The Foreign Exchange Office has decided to audit the acquisition operations.

Moroccan Diaspora Remittances Surge 3.9% Despite Global Pandemic

5 January 2021

Remittances from Moroccans living abroad (MRE) to Morocco have withstood the winds of Covid-19 and its consequences. As of the end of November 2020, remittances made by MREs (…)

Morocco’s Trade Slumps: Imports Down 15.9%, Exports Fall 8.4% in November

4 January 2021

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 (…)

Moroccan Foreign Asset Declarations Surge to 3 Billion Dirhams as Deadline Nears

31 December 2020

Over 3 billion DH in spontaneous declarations have been recorded for the year 2020, according to the Director General of the Foreign Exchange Office, Hassan Boulaknadel. The (…)

Morocco’s Foreign Asset Amnesty Yields 2.3 Billion Dirhams, Below Expectations

25 December 2020

Assets and holdings held abroad amounted to 2.3 billion DH as of December 23, according to the Foreign Exchange Office, which had forecast 4 to 5 billion DH.

Morocco’s Foreign Investment Plummets 31% as Remittances from Abroad Surge

3 December 2020

Over the first ten months of 2020, the net flow of Foreign Direct Investments (FDI) in Morocco has further deteriorated to reach 11.69 billion dirhams, a drop of 31.2% compared (…)

Moroccan Diaspora Remittances Surge 2.2% to 50 Billion Dirhams Despite Global Crisis

8 November 2020

Remittances from Moroccans living abroad increased by 2.2% at the end of September for an amount estimated at nearly 50 billion, according to the Office of Foreign Exchange.

Morocco Considers Progressive Income Tax Reform to Address Economic Challenges

7 November 2020

The Economic, Social and Environmental Council (CESE) advocates that the income tax (IR) be more progressive, particularly for the top bracket.

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4 November 2020