MRE Transfers

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 (…)

Moroccan Diaspora Remittances Surge to Record 105 Billion Dirhams Despite Global Crisis

20 December 2022

Despite a difficult economic situation linked to the Russia-Ukraine tension, transfers from Moroccans residing abroad (MREs) should increase by 12.9% this year to exceed 105 (…)

Moroccan Diaspora Investment Conference in London Explores Economic Development Opportunities

13 November 2022

How to encourage Moroccans living abroad (MRE) to contribute to the economic development of Morocco? This is the theme of the first in a series of conferences initiated by the (…)

Morocco Aims to Boost Investment from 5.8 Million Expatriates

18 October 2022

In Morocco, the share of private investment from Moroccans living abroad remains low. Only 10% of MRE transfers are devoted to it. An incentive system is being put in place to (…)

Moroccan Expat Remittances Set to Surge, Reaching 100 Billion Dirhams in 2022

28 September 2022

Bank Al-Maghrib (BAM) is convinced that remittances from Moroccans living abroad (MRE) should continue the upward trend that began at the start of the year.