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.
Despite a growing arsenal and over 21 million bank cards in circulation, the Moroccan economy remains fundamentally attached to cash. For the majority of citizens, the card serves primarily to withdraw money.
The new register of real estate powers of attorney, which came into force in early June, is paralyzing transactions. Faced with administrative delays blocking sales and credit , Bank Al-Maghrib is multiplying emergency interventions to try to save the market.
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.
Prosecuted for illegal exercise of financial activities in Belgium for nearly twenty years, the Banque Centrale Populaire and its French subsidiary have reached a criminal settlement. They must pay a sum exceeding 175 million euros.
Morocco’s fiscal overhaul is delivering spectacular results in 2026. By imposing the financial sector at 40%, the Treasury is collecting record revenues, propelling corporate income tax to the top of state revenues.
Authorities are deploying a formidable digital arsenal to track illicit financial flows. By cross-referencing banking, property, and automotive data, investigators are tightening the noose around a vast network of alleged fraudsters.
The first quarter of 2026 is smiling on Morocco’s banking giant. Attijariwafa Bank posts net profit on the rise , approaching 3 billion dirhams. A performance driven by strong credit dynamics and a decline in doubtful receivables.
In Berkane, a vast financial scandal shakes a BMCI branch. An employee is suspected of embezzling nearly 1.60 million dirhams from several clients’ accounts before fleeing to Europe, triggering a major investigation.
The travel allowance does not only concern the person requesting it. According to the Office of Exchange, the beneficiary’s rights can also be used to load an international payment card with the amounts granted to the spouse and children, within the authorized limits.
The allowance for personal travel enables travelers departing from Morocco to have foreign currency for their expenses abroad. Its basic amount is set at 100,000 dirhams, but it can be increased under certain conditions, up to an annual ceiling of 500,000 dirhams per person.
The travel allowance granted to leave Morocco for abroad follows precise rules. In case of trip cancellation, or if part of the foreign currency was not used upon return, the money must be sold on the foreign exchange market within 30 days.