Money transfers tell only part of the story. At the end of 2025, savings held by Moroccans from around the world in Kingdom institutions reach an unprecedented level and now represent a considerable fraction of individual bank deposits.
Nearly 18 billion dirhams were allocated to compensation in 2025. Bank Al-Maghrib estimates that this universal subsidy primarily benefits the most affluent households and calls for better targeting of public aid toward the most vulnerable populations.
The euro continues to lose ground against the dirham , at a time when many MREs are staying in Morocco. The decline remains limited, but it gradually reduces the amount obtained during an exchange or transfer from abroad.
Morocco is accelerating electronic payments, with a fee reduction planned from October 1, 2026. But small merchants are demanding free terminals , training, and a gradual transition.
Moroccan banks generated 19.2 billion dirhams in profits in 2025 , a 22.2% increase year-on-year. This new growth is driven by banking activity, lower risk costs, and accelerated credit expansion to the economy.
Bank Al-Maghrib is lowering fees related to card payments. Behind this technical measure, Morocco is pushing a broader strategy: making electronic payment more accessible, reducing the role of cash and preparing a more traceable economy.
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.
The euro has slightly declined against the Moroccan dirham during the peak summer return period. The movement remains limited, but it is somewhat less favorable for MREs who exchange or transfer euros to Morocco.
Starting October 1, 2026, fees related to electronic card payments will decrease in Morocco. Bank Al-Maghrib has decided to cap interchange commissions , with particular advantages for digital public services and neighborhood shops.
The euro has slightly gained against the Moroccan dirham as the major summer returns approach. The movement remains limited, but it works in favor of Moroccans abroad who exchange or transfer money to Morocco .
In El Jadida, the real estate market declined in the first quarter of 2026, without experiencing a sharp drop in prices. The real signal comes rather from transactions, which are down across all categories.
In Kenitra, the real estate market showed little price correction in the first quarter of 2026. But the marked decline in transactions reveals a significantly less fluid market.