Cross-border money-movement rules — Morocco
The cross-border money-movement rules for Morocco — what may move across the border, and under what rule: who may move money (the licensed channel), export-proceeds repatriation, capital controls, cash-declaration thresholds and allowances, remittance-operator scope and investor transfer rights. Each rule is the record as published in the cited official instrument, in its own words, with its source date. Rules, not rates — never an exchange rate.
Who may move money (licensed channel)
| Rule | The record | Source | Source date |
|---|---|---|---|
| Licensed-channel requirement | A payment institution (établissement de paiement) is an authorized FX-change operator only when separately authorized by the Office des Changes to carry out currency exchange — the dual-authorization axis: a Bank Al-Maghrib licence plus an Office des Changes authorization. Verbatim“Opérateurs de change de devises : les établissements de paiement, tels que définis par la loi n°103-12 et les sociétés de change de devises, autorisés par l'Office des Changes à exercer l'activité de change de devises.” | Instruction Générale des Opérations de Change 2026 (IGOC 2026) — the consolidated FX rulebook, Office des Changes | 2026-01-01 |
| Remittance-operator scope outward | Family-support transfers to relatives abroad may also be settled by wire through payment institutions licensed by Bank Al-Maghrib — a licensed payment institution is a named lawful channel for these outbound personal transfers. Verbatim“Le règlement au titre des secours familiaux peut également être réalisé par virement par les établissements de paiement agréés par Bank Al Maghrib.” | Instruction Générale des Opérations de Change 2026 (IGOC 2026) — the consolidated FX rulebook, Office des Changes | 2026-01-01 |
Repatriation & investor transfers
| Rule | The record | Source | Source date |
|---|---|---|---|
| Export-proceeds repatriation inward | Exporters of goods must repatriate the proceeds of goods exports within a maximum of 150 days from the date the customs declaration is registered. (150 days from the customs-declaration registration date) Verbatim“L'exportateur de biens dispose d'un délai maximum de cent cinquante (150) jours à compter de la date d'enregistrement de la déclaration douanière pour rapatrier le produit des exportations de biens.” | Instruction Générale des Opérations de Change 2026 (IGOC 2026) — the consolidated FX rulebook, Office des Changes | 2026-01-01 |
| Export-proceeds surrender (cede to the state) inward | Repatriated export proceeds must be ceded (surrendered) under the conditions of Article 22 of the Instruction — the currency is ceded, not merely brought home; exporters of goods may lodge part of the receipts in FX or convertible-dirham accounts. Verbatim“Les montants rapatriés doivent être cédés dans les conditions prévues par l'article 22 de la présente Instruction.” | Instruction Générale des Opérations de Change 2026 (IGOC 2026) — the consolidated FX rulebook, Office des Changes | 2026-01-01 |
Capital controls
| Rule | The record | Source | Source date |
|---|---|---|---|
| Outward-capital approval / restriction outward | Start-ups labelled by the Digital Development Agency (ADD) may carry out investments abroad related to their activity, up to MAD 10,000,000 per calendar year — a liberalizing outward-capital carve-out. (MAD 10,000,000 per calendar year (start-ups labelled by the ADD)) Verbatim“Possibilité pour les start-ups labellisées par l'Agence de Développement du Digital (ADD) de réaliser des investissements à l'étranger en rapport avec leur activité, à hauteur de dix millions (10.000.000) de dirhams par année civile.” | Instruction Générale des Opérations de Change 2026 (IGOC 2026) — the consolidated FX rulebook, Office des Changes | 2026-01-01 |
Limits, thresholds & allowances
| Rule | The record | Source | Source date |
|---|---|---|---|
| Travel / discretionary FX allowance outward | A resident individual's personal-travel foreign-exchange allowance is a base allowance of MAD 100,000, cumulable with an income-based supplement, the whole capped at MAD 500,000 per person per calendar year. (MAD 500,000 per person per calendar year (base MAD 100,000 plus an income-based supplement))
Verbatim“la dotation de base de cent mille (100.000) dirhams, le tout dans la limite de cinq cent mille (500.000) dirhams par personne et par année civile” | Instruction Générale des Opérations de Change 2026 (IGOC 2026) — the consolidated FX rulebook, Office des Changes | 2026-01-01 |
The cross-border rules as published in the cited official instruments, as of each source's date — not legal or compliance advice. Rules, not rates: Afriset records the rules of cross-border money movement (windows, thresholds, allowances, channel and approval requirements), never a currency or exchange rate. A "documented absence" is a sourced finding that no such rule exists (e.g. a repealed exchange-control regime), true as of the source read — regimes can change, so verify current status with the regulator before acting.
Compare across markets
Licence registers for Morocco
Who's licensed, and what it takes, per licence category in Morocco.