MRE Transfers

Morocco Negotiates with EU to Safeguard Vital Remittances from Expatriates

2 July 2023

The Moroccan authorities will engage in negotiations with the European Commission regarding a European directive aimed at restricting the transfer of funds by Moroccans (…)

Moroccan Diaspora Remittances Surge 14% to 45 Billion Dirhams

28 June 2023

Just over 45 billion dirhams were sent to Morocco by Moroccans residing abroad by the end of last May, according to figures released by the Foreign Exchange Office.

Moroccan Expat Remittances Surge 16% to $2.7 Billion, Boosting Economy

29 April 2023

According to the Office des Changes, the remittances of Moroccans living abroad (MRE) experienced a significant growth of 16% in March 2023, reaching nearly 27.11 billion (…)

Moroccan Diaspora Remittances Surge 28.6% to 17.3 Billion Dirhams in February

1 April 2023

Remittances made by Moroccans living abroad (MRE) increased by 28.6% compared to February 2022. This is specified in the monthly indicators of foreign trade of the Office des (…)

Moroccan Expat Remittances Surge to Record $10.9 Billion in 2022

29 March 2023

Funds transfers from Moroccans residing abroad (MRE) to Morocco have seen an average annual growth of 6% in recent years, reaching a record of over 109 billion dirhams in 2022 (…)

Moroccan Diaspora Remittances Surge 46% in January, Boosting Economy

3 March 2023

Remittances made by Moroccans living abroad (MRE) experienced a significant increase of 46.3% at the end of January 2023, reaching more than 9.22 billion dirhams, according to (…)

Moroccan Diaspora Remittances Surge 16.5% to $11 Billion in 2022

2 February 2023

Remittances from Moroccans residing abroad (MREs) experienced a significant increase in 2022, according to data published by the Office of Foreign Exchange.

Moroccan Central Bank Chief Urges Diplomatic Action as Europe Tightens Diaspora Fund Transfers

14 January 2023

Faced with the tightening of European authorities on transfers by Moroccans residing abroad (MREs), the wali of Bank Al-Maghrib (BAM), Abdellatif Jouahri, calls for a major (…)

Morocco Aims to Boost Diaspora Remittances by Cutting Transfer Costs

13 January 2023

In order to maintain the flow of remittances from the diaspora, Bank Al-Maghrib (BAM), in collaboration with the public authorities, has taken actions to diversify the (…)

Moroccan Diaspora Remittances Surge to Record Levels, Boosting Economy

1 January 2023

Remittances from Moroccans living abroad have reached record levels in recent years, despite the Covid-19 health crisis and the economic situation. By the end of 2022, these (…)