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

"The operation is about to come to an end. A few days separate us from the deadline set for December 31, 2020. It’s a rush at the level of the various banks in the place that have been mobilized since the beginning of the year to carry out this operation," he explained.

Initially scheduled for October 31, 2020, the deadline for declarations was extended by the Amended Finance Law No. 35-20, until December 31, 2020. According to the head of the Foreign Exchange Office, this operation aims to mitigate the impact of the Covid-19 pandemic on the progress of this operation.

For Hassan Boulaknadel, this extension made it possible to catch up on lost time and revive an operation aimed at restoring confidence. In his opinion, the circumstances of recent months have prompted several of our fellow citizens to take the plunge and seize this opportunity.