With the Marhaba Operation 2022 and the resumption of tourism activities, the sector is returning to a recovery rate before the health crisis, according to the monthly report of the Office des Changes published on Monday, October 3.
The Covid period is (almost) far behind us. After nearly two years of the epidemic and difficulties in leaving the territory, Moroccans have started traveling abroad again and therefore spending.
Over the first seven months of the current year, remittances from Moroccans residing abroad (MRE) recorded an increase of 7.4% (+4.03 billion dirhams) compared to the same period in 2021.
In the first half of the year, remittances from Moroccans residing abroad (MREs) reached more than 47.04 billion dirhams compared to 44.33 billion during the same period last year.
In 2021, France was the main destination for the net flows of Moroccan direct investments abroad (IDME), with 1.4 billion dirhams (MMDH), according to the Office des Changes.
At the end of last May, Moroccans living abroad (MRE) transferred around 38.31 billion dirhams (MMDH) against 36.47 MMDH in the same period in 2021, according to the Office des Changes.
Morocco wants to investigate the bank accounts and other assets of Moroccans abroad to verify whether they are in order with the tax authorities. In this context, a vast operation is being launched in many countries.
At the end of last April, remittances by Moroccans residing abroad (MREs) reached more than 30.56 billion dirhams (MMDH), up 5.3% compared to last year, according to the Office des Changes.
In 2021, the funds transferred by Moroccans residing abroad (MREs) amounted to nearly 93.3 billion dirhams (MMDH), compared to 68.18 MMDH in 2020. A record that should not be beaten this year.
The financial authorities are concerned about the risks that some Moroccans continue to take in the use of virtual currencies such as Bitcoin despite the ban in Morocco. In a new warning, they called on all users to comply with the regulations in force in this area.
At the end of last February, remittances from Moroccans living abroad reached 12.31 billion dirhams (MDH), up 22.5%, according to the Office of Foreign Exchange.
The Foreign Exchange Office has just announced the creation of the section called "Manual Exchange and AML/CFT" on its website, in order to fight against money laundering and the financing of terrorism .