Transfers from Moroccans living abroad rose 8.8% year over year to MAD 50.2 billion ($5.3 billion) in the first five months of 2026, according to data released Wednesday by Morocco’s Exchange Office.
The increase compares with MAD 46.16 billion ($4.9 billion) recorded during the same period a year earlier, according to the office’s monthly report on Morocco’s external trade indicators.
Bank Al-Maghrib expects the upward trend to continue, forecasting remittance inflows of around MAD 129 billion by 2027.
The central bank also projects official foreign exchange reserves will reach approximately MAD 473 billion in 2026 before rising to MAD 482 billion in 2027, supported in part by continued growth in remittance inflows.
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