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.
MRE Transfers
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.
Morocco Taps into Untapped Potential of 5 Million Expatriates
11 September 2022
Moroccans residing abroad (MREs), estimated at five million, contribute significantly to the development of Morocco. They remain attached to the kingdom and are willing to (…)
Moroccan Diaspora Remittances Surge 7.4% to 58.23 Billion Dirhams in 2023
2 September 2022
Over the first seven months of the current year, remittances from Moroccans residing abroad (MRE) recorded an increase of 7.4% (+4.03 billion dirhams) compared to the same (…)