The rise in energy bills is expected to widen Morocco’s external deficit in 2026. However, remittances sent by Moroccan expatriates, along with tourism revenues, will help absorb part of the shock.
Tourism revenues exceeded transfers from Moroccans living abroad during the first five months of 2026. Tourism generated 53.8 billion dirhams, compared to 50.2 billion sent by the diaspora.
Nasser Bourita assures that new fiscal agreements linked to the OECD do not concern MRE. According to the minister, they target only large multinational groups with annual turnover exceeding 750 million euros.
Bank Al-Maghrib claims to have practically reached an agreement with France to preserve the relay activity of Moroccan banks . A crucial issue for MRE transfers to Morocco.
Transfers from Moroccans living abroad are continuing their upward trend. Over the first four months of 2026, they reached nearly 40 billion dirhams, according to data compiled by Bank Al-Maghrib.
Bank Al-Maghrib does not want to open the Revolut file before settling the issue of Moroccan banks in Europe. Abdellatif Jouahri clearly places MRE transfers among his priorities.
Despite ongoing discussions with several European countries, Abdellatif Jouahri believes there is no reason to worry for now. MRE transfers continue to increase .
Bank Al-Maghrib postpones the Revolut matter, officially due to priority projects. This delay also gives Moroccan banks time to accelerate their digital offensive against neobanks.
Abdellatif Jouahri fears that new administrative requirements could complicate MRE transfers to Morocco . Bank Al-Maghrib wants to prevent unnecessary blockages from occurring.
A European regulation adopted after Brexit is complicating the activities of Moroccan banks operating in Europe. Abdellatif Jouahri assures that Bank Al-Maghrib is attempting to prevent any disruption in remittances from Moroccans abroad to Morocco.
New European regulations are complicating the activities of Moroccan bank subsidiaries responsible for facilitating money transfers from Moroccans living abroad. Bank Al-Maghrib says it is closely monitoring this issue with European authorities, particularly French ones.
Transfers from Moroccans living abroad continue to grow. By the end of April 2026, they reached nearly 40 billion dirhams, confirming once again the financial weight of the diaspora in the Moroccan economy.