Moroccans Abroad: 74.78 Billion Dirhams Transferred in Seven Months
Remittances from Moroccans Living Abroad Continue to Rise in 2026
Remittances from Moroccans residing abroad (MRE) continue to progress in 2026. According to the latest data from the Foreign Exchange Office, the revenue generated from these transfers reached 74.78 billion dirhams by the end of July, compared to 69.17 billion dirhams during the same period in 2025.
This development represents an increase of 5.61 billion dirhams, marking an 8.1% rise year-on-year. These remittances continue to play a major role in Morocco’s foreign currency inflows, alongside tourism revenues and foreign direct investments.
MRE Transfers Exceed 74 Billion Dirhams
Between January and July 2026, Moroccans established abroad transferred 74.78 billion dirhams to the Kingdom. A year earlier, the amount stood at 69.17 billion dirhams.
This increase confirms the strength of this source of foreign currency for the Moroccan economy, which has also been characterized by a significant rise in tourism revenues and an improved net flow of foreign direct investments.
Tourism Revenues Reach 79 Billion Dirhams
Travel revenues are also showing a marked increase. By the end of July 2026, these revenues totaled 79.009 billion dirhams, reflecting a 13.4% increase year-on-year.
At the same time, expenditures on travel by Moroccan residents abroad reached 19.92 billion dirhams, registering a 7.3% rise.
Thus, the travel balance yields a surplus of 59.08 billion dirhams, compared to a lower figure of around eight billion dirhams during the first seven months of 2025.
A Significant Increase in Surplus
The growth of tourism revenues outpacing that of expenditures has strengthened the travel balance surplus by 15.7% year-on-year.
These performances bolster the main sources of foreign currency inflow to the Kingdom, as both MRE transfers and tourism revenues show upward trends.
Foreign Direct Investments Surge by 58.5%
Foreign direct investments (FDI) exhibit an even more pronounced increase. Their net flow reached 29.47 billion dirhams by the end of July 2026, in stark contrast to the significantly lower levels recorded a year prior.
According to the Foreign Exchange Office, this 58.5% increase is attributed to a 6.3% rise in revenues related to foreign direct investments, combined with a 47% decrease in corresponding expenditures.
This trend reflects a strengthening of the net flow of foreign investments into Morocco during the first seven months of the year.
Moroccan Investments Abroad Increase Sharply
Moroccan companies and investors have also ramped up their direct investments abroad.
The net flow of Moroccan direct investments overseas amounted to 6.86 billion dirhams between January and July 2026, compared to just 2.76 billion dirhams during the same period in 2025.
The gap thus widened by 4.10 billion dirhams over the year, bringing Moroccan investments abroad to nearly two and a half times the level recorded a year earlier.
In summary, data from the Foreign Exchange Office highlights a simultaneous increase in MRE transfers, tourism revenues, and net flows of foreign direct investments during the first seven months of 2026.
