Remittances from Moroccans settled abroad reached 74.78 billion dirhams by the end of July 2026, up 8.1 percent from 69.17 billion dirhams over the same period last year, according to the latest monthly external trade bulletin from Morocco’s Foreign Exchange Office. The increase continues a steady upward trend in transfers from the Moroccan diaspora recorded through the first seven months of the year, reinforcing remittances’ role as one of the country’s principal sources of foreign currency inflows.
The bulletin showed the “Travel” balance posting a surplus of 59.08 billion dirhams, up 15.7 percent year-on-year, a result the Office attributes to travel receipts growing faster than travel-related spending. Travel receipts rose 13.4 percent to 79.009 billion dirhams over the first seven months of the year, while travel-related expenses increased by a more modest 7.3 percent to 19.92 billion dirhams, widening the overall surplus between the two figures.
Together, the two indicators point to continued strength in remittances and tourism receipts, the two flows the Foreign Exchange Office highlights as central to its monthly monitoring of Morocco’s external trade position. Both categories have posted sustained year-on-year growth through the first seven months of 2026, according to the Office’s figures, with the pace of improvement in the Travel balance outstripping that of remittances over the period covered by the bulletin.
The Foreign Exchange Office’s monthly bulletins on external trade indicators are among the reference sources used to track the state of Morocco’s external accounts, compiling data on remittances, tourism receipts and spending, and other cross-border financial flows reported by the Office on a recurring basis throughout the year.
