
Remittances to Morocco Hit Record High of 117.7 Billion Dirhams in 2024
The year 2024 was prosperous for money transfers from Moroccans residing abroad (MRE), according to the latest figures published by the Office des Changes.

The year 2024 was prosperous for money transfers from Moroccans residing abroad (MRE), according to the latest figures published by the Office des Changes.

The Moroccan dirham appreciated by 1.4% against the euro and 0.6% against the US dollar, during the period from January 2 to 8, 2025, according to Bank Al-Maghrib (BAM).

The dirham depreciated by 0.7% against the US dollar and appreciated by 0.29% against the euro during the period of December 19 to 24, 2024, according to Bank Al-Maghrib (BAM) .

The Moroccan dirham appreciated by 0.4% against the US dollar and 0.56% against the euro during the week of November 28 to December 4, 2024, according to Bank Al-Maghrib (BAM).

The Moroccan dirham depreciated by 0.37% against the US dollar and remained almost stable against the euro during the week of November 21 to 27, 2024, according to Bank Al-Maghrib (BAM).

The Moroccan dirham remained almost stable against the euro and depreciated by 0.61% against the US dollar, during the period from November 14 to 20, according to Bank Al-Maghrib (BAM).

The Moroccan dirham appreciated by 1.47% against the euro and depreciated by 1.06% against the US dollar during the period from November 7 to 13, according to Bank Al-Maghrib (BAM) .

The Moroccan dirham depreciated by 0.12% against the euro and appreciated by 0.34% against the US dollar during the period from October 31 to November 5, according to Bank Al-Maghrib (BAM) .

The Moroccan dirham depreciated by 0.13% against the euro and appreciated by 0.47% against the US dollar during the period from October 24 to 30, 2024, according to Bank Al-Maghrib (BAM).

Morocco is seeking to reduce the dirham’s dependence on fluctuations in the euro and the dollar. In this sense, Bank Al-Maghrib (BAM) is preparing to implement an ambitious reform long awaited.

The Moroccan dirham appreciated by 0.3% against the euro and depreciated by 0.34% against the US dollar during the period from October 10 to 16, 2024, according to Bank Al-Maghrib (BAM).

The Moroccan dirham appreciated by 0.45% against the dollar and depreciated by 0.45% against the euro between August and September, according to Bank Al-Maghrib (BAM).