Morocco’s Currency Crackdown: 5 Essential Rules for Travelers and Expats

1. Mandatory declaration of cash currencies

Any traveler entering Morocco with an amount of foreign currency exceeding the ceiling set by the regulations must declare it to customs. Failure to declare will result in immediate seizure of the funds.

2. Dirhams do not leave Morocco freely

The national currency, the Moroccan dirham, is subject to strict control. Its export is very limited and regulated.

3. Checks and means of payment must be declared

In addition to cash, traveler’s checks, letters of credit and other foreign currency payment methods must be declared when they exceed the regulatory threshold.

4. Supporting documents are essential

Customs may require documents proving the origin of the funds (bank statements, transfer certificates, etc.). Without these supporting documents, the sums are considered irregular and may be confiscated.

5. Transfer of pensions and income of MREs

MREs who transfer their pensions or income to Morocco benefit from tax advantages (80% reduction in tax). But these funds must be transferred through official banking channels and in non-convertible dirhams to be eligible for the advantage.

In Morocco, currencies and means of payment are strictly monitored. Declaration, supporting documents and compliance with ceilings are essential to travel without risk of seizure or penalty.