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 12,000 dirhams. It is through a video that the Office, led by Hassan Boulaknadal, announced the news to young people pursuing higher education abroad.
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.
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 this current year, could be justified by the return to the country of a significant part of the Moroccan diaspora for the summer holidays, notes a report from the Office des Changes.
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 Moroccans of the World.
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 credible criteria.
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 the Gulf countries, transfers are exploding!
Moroccans living abroad have transferred less money since the beginning of the year, compared to the same period last year. This is according to the latest figures published by the Office of Foreign Exchange.
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.
Moroccans living in the Gulf countries are sending more and more money to their country of origin, as shown by the latest figures just released by the Foreign Exchange Office.
While the Spanish government was targeting Russian and Chinese nationals for the acquisition of housing in exchange for the residence card, it is the Moroccans who are leading the list of non-European buyers, according to statistics from the Spanish Land Registry and Property Office.
As every month, the Office des Changes draws up the balance sheet of Morocco’s trade exchanges with other countries, mainly European. Let’s see in detail what the kingdom exports.
Money transfers from Moroccans living abroad to their country of origin have seen a sharp decline, according to the latest figures released by the Office of Exchange.