Wealthy Moroccans are in the sights of the Office des Changes. They allegedly purchased luxury watches and jewelry from stores in France and Luxembourg, without prior declaration at the borders, in violation of Moroccan foreign exchange legislation.
Real estate developers are accused of not declaring significant sums received from Moroccans Residing Abroad (MRE) for the purchase of apartments in Morocco.
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 Office of Foreign Exchange is currently conducting checks in several currency exchange offices in Morocco. These operations are mainly focused on establishments located in airports and tourist areas.
Defrauded by two Chinese export companies of household goods and kitchen utensils, Moroccan importers are working to recover their funds.
Moroccan tourists traveling abroad and Moroccans practicing liberal professions abroad are in the sights of the Office of Exchange.
Morocco achieved record tourism revenues in 2024. According to the Foreign Exchange Office, these revenues reached 112.5 billion dirhams, an increase of 7.5% compared to the previous year.
The approved exchange points and counters located at Mohammed V International Airport in Casablanca and Marrakech-Menara Airport are under the scrutiny of the control services of the Foreign Exchange Office.
The year 2024 was prosperous for money transfers from Moroccans residing abroad (MRE), according to the latest figures published by the Office des Changes.
For Moroccans residing abroad (MRE) , the import of currency into Morocco requires certain essential formalities that must be known. Whether you are returning with currency in the form of banknotes or negotiable bearer instruments, you will be subject to specific regulations depending on the amount of this currency.
Morocco’s trade deficit widened by 6.5% at the end of November 2024, reaching 275.74 billion DH against 261.36 billion DH in the same period of the previous year, according to figures from the Office des Changes. Moroccan exports, on the other hand, only grew by 5.2% in the first eleven months of 2024, while imports jumped by 5.7%, further exacerbating this situation.
The controllers of the Foreign Exchange Office have sent letters to Moroccans owning luxury apartments and villas in Spain, inviting them to regularize their situation and justify the means of transferring the funds used to acquire these real estate assets located in particular in Madrid and Marbella.