Office des Changes: Changes to Foreign Exchange Allowances

The Customs and Indirect Taxes Administration has issued a circular regarding the general instructions for foreign exchange transactions for the year 2026. The basic allowance for personal travel is set at 100,000 dirhams, which can be supplemented by an additional 30% of the income tax paid the previous year, up to a total ceiling of 500,000 dirhams per year.

This measure applies to resident Moroccans, Moroccans living abroad (MRE), and foreigners residing in Morocco for their transportation and accommodation expenses. The allowance can be used by card, check, or cash, with a limit of 100,000 dirhams in cash per trip. Retirees can benefit from the additional allowance upon presentation of a document proving the payment of taxes in the year of their retirement.

Expenses for studies abroad are now limited to 15,000 dirhams per month, while healthcare expenses must be paid through the banking system. The circular allows the accumulation of allowances during the same trip but requires the repatriation of any unused foreign currency to the foreign exchange market within 30 days. These provisions officially replace the regulations dating from 2022.