MRE Transfers

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 (…)

Morocco to Renegotiate Tax Agreements for 6 Million Expats with OECD

29 July 2023

The Moroccan government says it wants to protect the interests of the six million Moroccans living abroad (MREs). It intends to engage in negotiations with the OECD in the (…)

Moroccan Expats Urge Halt to Global Tax Info Sharing Agreement

10 July 2023

Moroccans residing abroad (MREs) are calling for the suspension of the multilateral agreement on automatic exchange of financial account information.