How to send money to Morocco in 2026: euros, dollars or convertible dirhams and transferring investments back
In 2026 money is sent to Morocco by international bank transfer to a non-resident account in euros or dollars with no exchange, or in convertible dirhams, and it takes up to 5 business days. Up to $10,000 the bank asks only about the sender and the reason; from $10,000 it asks for a 3-6 month statement or a salary certificate.
In short
- Central bank rate on 7 October 2026: 9.9765 dirhams per dollar.
- An investment paid for with foreign currency from abroad is transferred back out with its gain, with no limit on the amount.
- An account number has 24 digits, and transfers between banks take under 20 seconds.
- A flat buyer pays 4% and 1.5% in duties on top of the price.
In detail
In 2026 money is sent to Morocco to a non-resident account in foreign currency or in convertible dirhams, or to an ordinary dirham account. An investment paid for with foreign currency from abroad gains the right to transfer the whole sum back out with its gain. The central bank reference rate on 7 October 2026 was 9.9765 dirhams per dollar, and an account number has 24 digits.
| Where the money goes | Status on 8 October 2026 | Currency | What to give the sender |
|---|---|---|---|
| Non-resident account in foreign currency | works | euros or dollars with no exchange | the 24-digit account number and the bank's code for international transfers |
| Non-resident account in convertible dirhams | works | dirhams that can be exchanged back into currency | the same details |
| Ordinary dirham account of a resident | works | dirhams at the bank's rate | the 24-digit account number |
| Money transfer to family | works | dirhams | the recipient's name as on their ID |
Checked on 8 October 2026. Bank Al-Maghrib reference rate on 7 October 2026: 9.9765 dirhams per dollar and 11.1623 dirhams per euro.
Why it pays to bring money into Morocco in foreign currency
The dirham is exchanged inside the country, and money leaves for abroad under the rules of the Foreign Exchange Office. The main one is set out in the general instruction on foreign exchange operations: if a non-resident foreigner paid for an investment with foreign currency from abroad, the income and the sale proceeds with the gain are transferred back to them with no limit on the amount. This applies to buying a flat, a stake in a company or securities.
If the same flat is bought with money earned in the country, the sale proceeds stay on a dirham account. So the order is simple: first the transfer from abroad, then the deal, and the bank's payment order is kept together with the contract. Planning an investment and want to take the money out later? A manager will set up the transfer so that the way back stays open.
A non-resident account: in euros, dollars or convertible dirhams
Moroccan banks open two kinds of accounts for a foreigner without a residence permit: in foreign currency and in convertible dirhams. Both are funded by transfers from abroad, and money from them is transferred back out of the country. A convertible dirham account is convenient for spending inside the country: rent, renovation and taxes are paid in dirhams, and the balance goes back into currency.
For people who live in the country permanently, the bank also opens an ordinary dirham account: a salary arrives on it, and bills are paid from it. More about the cities is on the Casablanca and Rabat pages.
A 24-digit account number and transfers in 20 seconds
Bank details in Morocco are 24 digits: the first 3 are the bank code, followed by the city code, the account number and 2 check digits. The largest banks have the codes 007, 011, 013, 021, 022 and 230. A sender from Europe or the USA is given these 24 digits, the recipient's full name and the bank's code for international transfers.
Inside the country an instant transfer between banks has worked since 1 June 2023: around the clock, in under 20 seconds. According to the central bank's annual report, 16.3 million such transfers were made in 2024, and 64,600 a day in December.
122 billion dirhams a year: money from family
According to the Foreign Exchange Office, in 2025 people in Morocco received $13 billion from abroad, more than 122 billion dirhams and 2.6% more than a year earlier. In January-August 2026, $9 billion, or 89.2 billion dirhams, arrived, 9% more than in the same months of 2025.
Tax: 183 days in Morocco and worldwide income
Article 23 of Morocco's tax code treats a person as resident on any of three grounds: a permanent home and family in the country, the main source of income in the country, or more than 183 days of stay in any 365 days. A resident pays tax on worldwide income, and a non-resident only on income from Morocco, for example rent from a flat.
A flat in Marrakech: 4% and 1.5% on top of the price
Foreigners buy flats, villas, traditional courtyard houses and plots within city limits in Morocco on general terms. The deal is handled by a notary, and ownership is recorded in the land register.
In 2026 a home buyer pays a registration duty of 4% of the price and 1.5% for recording in the land register, plus the notary's fees. A flat at $200,000 comes to $211,000 with the duties, not counting the notary. The price and duties are built into the transfer amount from the start: a top-up from dirhams earned in the country is not covered by the guarantee of a transfer back. More about the city is on the Marrakech page.
How many papers a bank in Morocco needs
Banks work under Law 43-05 on combating money laundering, as amended in 2021, and are supervised by the central bank of Morocco. In 2026 the questions grow with the amount:
| Amount | What a bank in Morocco will ask | Which paper answers the question |
|---|---|---|
| Up to $10,000 | the sender and the reason for the transfer | the purpose line in the payment order |
| $10,000 - $100,000 | the source of the sum | a 3-6 month bank statement, a salary certificate |
| From $100,000 | the origin of the money and the purpose of the investment | a contract for the sale of property or shares, an income tax return, a preliminary purchase contract |
A bank credits a transfer of $100,000 or more for a deal faster when papers on the origin of the money are attached right away. A manager will put the pack together for your bank, and countries for moving with capital are compared on the capital relocation page.
We will help you send money to Morocco
Money sent to an ordinary dirham account when a non-resident account is needed, a top-up for the deal from local money, a lost payment order: small things like these make an investment hard to take back out of the country later. We will look at your goal, suggest an account and a transfer route, prepare documents for the bank in Morocco and carry out the transfer through licensed partners until it is credited.
Details and cost are with a manager in the chat: everything depends on the amount, the currency and the purpose of the transfer to Morocco.
From Morocco across the strait and around the Mediterranean
- Spain: 14 km across the Strait of Gibraltar.
- France: French in business and EU banks.
- Portugal: the Atlantic coast on the other side of the strait.
- Tunisia: also convertible currency accounts for non-residents.
- Algeria: the neighbour to the east.
- The UAE: accounts in dollars and UAE dirhams.
Choosing a country to move to with your money is on the capital relocation page.
FAQ
Can money from selling a flat be transferred out of Morocco?
Can a foreigner hold a euro or dollar account in Morocco?
How many digits does a bank account number in Morocco have?
What duties does a flat buyer pay in Morocco?
We will suggest the best way to send your money
We will choose a transfer method for your amount and country, prepare the documents on the origin of the money for the bank, make the transfer through licensed partners and follow it until the money is credited. Ask your question in the chat - the manager will suggest the best terms and the cost. The legal side with banks and government bodies is handled by Murblz specialists and locally licensed partners.
Details and cost are with the manager in the chat. Describe your situation and we will reply right away.
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