Money transfers from Moroccans living abroad have dipped slightly in the first half of 2025, signaling a pause—though not a reversal—in a trend that had been climbing steadily for several years. According to data released by Morocco’s Office of Foreign Exchange, remittances totaled 55.86 billion dirhams by the end of June, down from 57.35 billion during the same period last year. That’s a 2.6% drop, modest in scale but enough to raise eyebrows.
This slowdown follows a period of exceptional growth, fueled in part by the COVID-19 crisis, when remittance flows surged to record highs. While the pace may have eased, the total remains substantial, highlighting the enduring commitment of Morocco’s diaspora to their home country.
These financial flows continue to play a vital role in Morocco’s economy. They directly support household spending, help finance families, and contribute to macroeconomic stability by bolstering the country’s balance of payments. Their importance is even more pronounced given the current global economic volatility.
The Office of Foreign Exchange has not provided a detailed explanation for the decline. However, several factors could be at play—including economic slowdowns in key host countries, currency fluctuations, and a potential shift toward informal or alternative transfer channels that are harder to track.
Even a modest decline is enough to reignite discussion about Morocco’s relationship with its global diaspora. Alongside tourism and foreign investment, these remittances are a major source of foreign currency. To maintain and strengthen these inflows, Morocco may need to adopt a more proactive strategy to engage its expatriates—one that reflects the strong and lasting ties many of them continue to feel toward their country of origin.
