Monday 24 August 2026

CURRENCIES, EXCHANGE RATES AND BANK ACCOUNTS

Import of foreign currencies and dirhams

Non-residents are entitled to bring foreign currency into the country freely, without any limit on the amount. This foreign currency may take the form of banknotes, traveller’s cheques, bank or postal cheques, letters of credit, debit or credit cards, or any other means of payment denominated in foreign currency.

Where the value of imported foreign currency reaches or exceeds 100,000 dirhams, the MRE must declare it to the customs authorities (a form must be completed). This declaration is required, in the event of an inspection, for the possible re-export of any remaining foreign currency at the end of the stay in Morocco.

If the value is less than 100,000 dirhams, the declaration is optional. It may be useful to provide evidence of any re-export of any remaining amount exceeding 40,000 dirhams.

In all cases, the currency declaration is valid for a single use (a single stay) and for a maximum period of six months. It may only be used by the declarant themselves.

Furthermore, it is important to note that the import of dirhams is permitted up to a maximum of 2,000 dirhams. Exceeding this authorised limit constitutes a foreign exchange offence (penalties may apply in accordance with the regulations in force).

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