Morocco
Moroccan Man Attempts Daring Swim Across Closed Border from Spanish Enclave
A Moroccan blocked in Ceuta due to the closure of the Moroccan border has desperately tried to return to Morocco.
Topic
MRE Transfers
Morocco
Algeciras Closes Free Parking Lot Used by Moroccan Travelers Ahead of Potential Border Reopening
As of Sunday, July 5 at 6:00 a.m., the free parking lot of Llano Amarillo (Algeciras), usually used by Moroccans from different European countries, will be closed.
Morocco
Morocco's Exports Plummet 20% Amid Global COVID-19 Disruptions
Covid-19 and the restrictive measures put in place have caused a drop in Morocco’s foreign trade. This is evidenced by the figures published by the Office of Foreign Exchange.
Morocco
Moroccan Diaspora Remittances to Decline Amid Global Economic Crisis
Money transfers from Moroccans living abroad to Morocco will see a sharp decline in the coming months due to the covid-19 and the economic crisis in the countries of residence, said consultant Fatima Lahnait.
Morocco
Moroccan Remittances Plummet 10% Amid COVID-19, Experts Warn of Prolonged Decline
The health crisis related to covid-19 is having a negative impact on money transfers from Moroccans living abroad (MRE) , which are already "down 10%". A situation that could worsen in the months to come.
Morocco
Moroccan Economy Faces Recession as Remittances Plummet 69% Amid COVID-19 Crisis
Covid-19 is affecting the Moroccan economy, with a reported 69% drop in remittances from Moroccans living abroad (MRE) . This is indicated by a study conducted by Zoubir Bouhout, director of the Provincial Tourism Council in Ouarzazate, on the impact of the coronavirus on global and especially Moroccan tourism.
Morocco
Moroccan Remittances Plummet as Transfer Fees Surge Amid Global Crisis
Faced with rising transfer costs, caused by the health crisis and lockdown, Iñigo Moré, a professor at Berkeley and founder of REMESAS.ORG, is calling for regulatory authorities to intervene to protect emigrants from the rise in transfer costs.
Morocco
Morocco Braces for Sharp Decline in Remittances Amid COVID-19 Crisis
Tourism revenues, remittances from Moroccans living abroad (MRE) and Foreign Direct Investment (FDI) could experience a sharp decline this year. This is indicated by a study by CDG capital management on the impact of Covid-19 on the Moroccan economy.
Morocco
Moroccan Expats in Spain Face Economic Hardship Amid COVID-19 Crisis
According to the study "Coronavirus Pandemic: Major Impact on the Moroccan Community in Spain" conducted by the Think Tank Policy Center for the New South, the economic and health crisis will have detrimental consequences for the 812,412 Moroccan nationals living in Spain, in addition to the 250,000 naturalized since the year 2000.
Morocco
Moroccan Diaspora Remittances Reach $6.7 Billion in 2019, Bolstering Economy
Funds transfers from Moroccans residing abroad amounted to 64.86 billion dirhams in 2019, compared to 64.92 billion dirhams in 2018.
Morocco
Morocco Eases Foreign Exchange Rules for Expats and Residents in 2020
The Office of Exchange is playing the flexibility card. The new general instruction on foreign exchange operations indeed includes several easing measures, which will benefit Moroccans residing abroad (MREs) as well as individuals and legal entities in Morocco.
Morocco
Morocco's Remittances Stagnate as Tourism Revenue Rises, Foreign Investment Drops
At the end of November, the revenues of Moroccans residing abroad are stagnating with the drop in FDI received. At the same time, tourism revenues are increasing.