MRE Transfers

Morocco Delays Bill on International Financial Data Sharing, Expats Concerned

17 May 2021

The adoption of bill 77.19 relating to the exchange of financial account information is far from a reality, while Moroccans residing abroad (MREs) express growing concern about (…)

Moroccan Diaspora Remittances Surge 6.5% Despite Global Pandemic

16 May 2021

While the health crisis related to Covid-19 is still raging, Moroccans living abroad (MRE) continue to send money to their relatives who have remained in the country. The World (…)

Morocco’s Tax Data Exchange Sparks Concern Among Expatriates

12 May 2021

Since the announcement of the entry into force of the automatic exchange of tax data between Morocco and the OECD countries, Moroccans residing abroad (MREs) are expressing (…)

Morocco Expands Financial Benefits for Expatriates, Foreign Exchange Office Announces

3 May 2021

The Foreign Exchange Office has designed and posted online a digital brochure on the exchange facilities and benefits granted to Moroccans residing abroad (MRE). From opening (…)

Moroccan Diaspora Remittances Surge to $6.8 Billion, Boosting National Economy

29 April 2021

Remittances from Moroccans living abroad (MRE), are of great importance for Moroccan households. They save many families each year by allowing them to meet their needs on all (…)

Moroccan Expats Rush to Close Bank Accounts Amid Tax Compliance Concerns

6 April 2021

Fearing sanctions for non-declaration of bank accounts they hold in Morocco in their countries of residence or host countries before September 2021, many Moroccans living (…)

Moroccan Diaspora Pushes for Constitutional Right to Vote in Elections

1 April 2021

The participation of Moroccans of the World in elections is a "constitutional right, requiring legal guarantees for the exercise of this right," claimed Abdellah Boussouf, the (…)

Bank of Morocco Governor Clarifies Account Reporting Rules for Overseas Moroccans

26 March 2021

Many Moroccans living abroad are worried following the publication of information according to which they are obliged to declare their bank accounts held in Morocco. The (…)

Moroccan Diaspora Remittances Expected to Surge to 71.9 Billion Dirhams in 2021

24 March 2021

Remittances from Moroccans Residing Abroad (MREs) are expected to increase in 2021 to reach 71.9 billion dirhams (MMDH), according to Bank Al-Maghrib (BAM).

Moroccan Expats Required to Declare Home Country Bank Accounts in Tax Returns

21 March 2021

As part of the OECD’s international tax conventions, all Moroccans residing abroad are required to include their bank accounts held in Morocco in their tax returns. This (…)