MRE Currency Export Limits Morocco 2024

Moroccans residing abroad have a special facility when they have repatriated foreign currency to Morocco and sold it on the foreign exchange market. According to Article 176 of the Exchange Regulations, they can repurchase and export up to 50% of the foreign currency repatriated and sold over the last twelve months.

On Bladi.net : Morocco Travel Allowance 30-Day Rule MRE

This possibility remains capped, however. The amount repurchased and exported cannot exceed 100,000 dirhams. The article also specifies that this measure does not apply to foreign currency credited to their convertible dirham accounts.

Mandatory supporting documents

Authorized intermediaries are empowered to provide these allowances to eligible Moroccans residing abroad. To do so, the interested parties must submit original documents justifying the repatriation of foreign currency.

These may include exchange slips or foreign currency purchase forms for customers. These documents make it possible to prove that the foreign currency was indeed repatriated and sold on the foreign exchange market over the last twelve months.

A document to present in case of inspection

Article 176 also provides for the case of border control. Exports of foreign currency in the form of banknotes can be justified to customs authorities by producing the corresponding exchange slips.

On Bladi.net : Bank accounts for MREs: watch out for foreign currency deposit rules

In practice, eligible Moroccans residing abroad must therefore keep the original supporting documents related to the repatriation and sale of their foreign currency. These documents may be requested to explain the origin of the exported currency.