Morocco Sets Currency Import Rules for Expatriates Returning Home

First, if you are importing currency equal to or greater than the equivalent of 100,000 dirhams, it is mandatory to make a written declaration upon entering the national territory. This declaration must be made to the customs services present at the borders.

However, even if you are importing currency for an amount less than 100,000 dirhams, it may be wise to also make this declaration. The presentation of this written declaration may be necessary to justify the origin of your currency during various operations. These operations may include feeding foreign currency or convertible dirham accounts, re-exporting this currency or if the repatriated currency comes from the export of goods or services.

This declaration of import of currency is valid for a period not exceeding six months for non-residents. Similarly, it must be annotated by the bank corresponding to the amounts cashed.

In summary, MREs must comply with these regulations when importing currency into Morocco. Good knowledge of these procedures helps facilitate monetary transactions and avoid any possible inconvenience related to customs services. Vigilance is therefore required when importing currency, regardless of the amounts involved, recalls the Moroccan customs.