Moroccans residing abroad can finance a significant portion of a real estate purchase in Morocco through bank credit in dirhams. However, the Office of Exchange regulates this possibility, which remains linked to a currency contribution and specific conditions.
Moroccans residing abroad can transfer the rental income generated by their properties in Morocco . However, the operation remains regulated by the Office of Exchange, which requires banks to perform several verifications before any settlement.
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.
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 .
Revolut is interested in operations where Moroccan banks are already very present . Abdellatif Jouahri reminds us that this clientele is already heavily covered by local players.
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.
MREs domiciled fiscally in France must declare their bank accounts opened in Morocco . Forgetting to do so can be costly, even if the account generates no income or is used only for family expenses.
Abdellatif Jouahri clarified the nature of the meeting with Revolut. The fintech expressed interest in Morocco, but has not officially requested authorization from Bank Al-Maghrib.
Abdellatif Jouahri fears that new administrative requirements could complicate MRE transfers to Morocco . Bank Al-Maghrib wants to prevent unnecessary blockages from occurring.
Revolut is interested in Morocco, but Bank Al-Maghrib believes the timing is not favorable. Abdellatif Jouahri confirms he met with the fintech executives in early June, without opening the door to an immediate arrival.
A couple from Beaune lost nearly 25,000 euros during a stay in Marrakech in April. Caught in a well-oiled scam, the tourists accuse their bank of reassuring them before refusing any reimbursement.