Moroccan Expatriates Send Record $9.1 Billion Home in First Nine Months of 2024
2 November 2024
Moroccans residing abroad (MREs) sent 91.52 billion dirhams (MMDH) to Morocco between January and September 2024.
MRE Transfers
EU Banking Directive Threatens Remittances from Moroccan Expats
28 September 2024
The European directive on foreign banks operating in the European Union (EU) is worrying Moroccan authorities and banks, who fear a drastic drop in transfers of Moroccans (…)
Record $11.5 Billion in Remittances Boost Morocco’s Economy as Diaspora Contributions Surge
12 August 2024
Since 2003, Morocco has celebrated August 10th as the National Migrants’ Day. Instituted by King Mohammed VI, it provides an opportunity to highlight the contribution of (…)
Morocco’s Economy Boosted by $11.8 Billion in Overseas Remittances
28 June 2024
In 2023, remittances from Moroccans living abroad reached $11.8 billion, an increase of 5.2% compared to the previous year. This figure positions Morocco as the second largest (…)
Moroccan Diaspora Remittances Hit Record $11.5 Billion in 2023
4 February 2024
Moroccans abroad have transferred nearly 115.15 billion dirhams (MMDH) to Morocco as of the end of December 2023, an increase of 4% compared to the same period in 2022 (110.72 (…)
Moroccan Diaspora Remittances to Reach $12 Billion, Boosting National Economy
26 December 2023
The latest World Bank report on migration and development indicates that 20% of remittances in the MENA region come from Moroccans living abroad (MRE).
Moroccan Expatriate Remittances Surge 7.2% to 77.9 Billion Dirhams
29 September 2023
Remittances from Moroccans living abroad remain on the rise, according to the latest figures released by the Office des Changes.
Moroccan Expats in France Send Record $540 Million Home, Boosting Remittances
18 August 2023
In 2022, Morocco recorded a historic peak in revenue from transfers by Moroccans residing abroad (MREs), reaching 110.7 billion DH, an increase of 16% compared to 2019, (…)
Moroccan Diaspora Remittances Surge 46%, Boosting National Economy
11 August 2023
Moroccans living abroad (MRE) are making a strong contribution to the Moroccan economy through remittances, which have been growing in recent years. These flows have increased (…)
Morocco’s Tourism Booms: Record Revenues and Remittances in First Half of 2023
2 August 2023
The upward trajectory started by Moroccan tourism since January continues at the end of June. The revenues recorded testify to this. The same goes for the remittances of (…)