Morocco - Currency Import and Export

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Procedure

• If you're importing or exporting currency in morocco, they have a law that requires for a written declaration of foreign currency in cash, the currency of the Moroccan , travelers cheques and internal and foreign certified securities imported by physical persons, providing their total equivalent value which should not exceed the exchange-value of 100,000 Moroccan dirhams.

• Accordingly, the exportation of cash assets (both foreign currency and rubles) Exceeding the total amount of 100 000 Moroccan Diharms is not allowed. Exceptions are previously imported amounts of foreign currency and rubles, which may be exported in excess of 100,000 if their previous importation is acknowledged by relevant customs declarations.

• All Passengers arriving or departing from Morocco could have Moroccan money equivalent to one hundred thousand Moroccan Diharms approximately.

If you wish to re-export all or part of the currency you imported, you should sign, at the entry, a declaration of the importation of means of payment.

• Moroccan Dirhams can only be obtained in Morocco. The most convenient way to obtain Dirhams is through an ATM, where official rates automatically apply, but daily withdrawal limits can seem low for customers paying cash for rugs in the souks. National currencies should be exchanged at official bureaux de change only (identified by a golden sign); changing money in the street is illegal. There is no commission charge and visitors will be issued with a receipt which they must keep in order to exchange Moroccan currency back into the original national currency upon departure. The Euro and US Dollar are widely accepted, even preferred.

• The import and export of local currency is prohibited; all local currency must be reconverted prior to departure. The import and export of foreign currency is limited to amounts equivalent to 10,000 and must be declared on arrival and departure and before you go through passport control.

You can change as many Dirhams as you have left. At Marrakech airport the exchange rate is very similar to that in the town centre, so there is not much loss in waiting to the last minute to change your remaining Dirhams.

Most of the main foreign currencies may be exchanged at a Bureau de Change in the airport or port upon arrival, at a bank and in most hotels although smaller hotels in more remote areas may not be able to exchange large amounts at one time without prior notice.

Most hotels will exchange at the same rate as banks and without charging commission. Exchanging money in the street is illegal, so travellers should look for an official Bureaux de Change which is identifiable by a golden sign.

When bringing paper currency into Morocco (U.S. Dollars, British Pounds, Euros etc.), these must be in good condition--no tears or ink marks. Do not bring Scottish, Gibraltar or Northern Irish Sterling notes as they are impossible to cash, as are Australian and New Zealand notes and Singapore Dollars. Beware of bringing in brand new designs of banknotes, for example when the Bank of England introduced the new 'Adam Smith' 20 note in March 2007, the Moroccan banks would not change them as their records only showed the older, and at that time still legal, 'Sir Edward Elgar' 20 notes.

It is advisable not to take travellers cheques as it is very difficult to find a bank that will cash them and although some hotels may still cash these, the commission rates are high and are charged per cheque.

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Required Documents

i) Moroccan Export Currency declarations form,

ii) Moroccan Import Currency Declaration Form,

iii) insurance Forms,

iv) special provisions on restricted and prohibited items,

v) Trade agreements information,

vii) Trade contacts reports,

viii) and everything else you need to know to export from Morocco.

ix) You to understand how to file documents

x) Find contacts information,

xi) Personal Address

Office Locations & Contacts

Bank Al-Maghrib

Direction de lAudit Interne et des Risques

Direction des Achats

Direction de la Logistique

Tel. +212(0) 5 37 56 78 83/84

Tel. +212(0) 5 37 54 89 04

Tel. +212(0) 5 37 56 76 04/05

Tel. +212(0) 5 37 56 76 94

Email: [email protected]

Email: [email protected]

Ministry of Foreign Affairs & Cooperation

Avenue F. Roosevelt,Rabat

Tel : 537-762-841/ 761-583/ 761-123/ 762-195

Fax : 537-765-508/ 764-679

Email : [email protected]

Website : http://www.maec.gov.ma

Eligibility

All Non-resident foreigners visiting Egypt are Eligible

Fees

Moroccan Dirham (MAD; symbol Dh) = 100 centimes. Notes are in denominations of Dh200, 100, 50, 20 and 10. Coins are in denominations of Dh10, 5 and 1, and 50, 20, 10 and 5 centimes.

Validity

Valid as long as you have valid visa to stay in Morocco.

Documents to Use

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Sample Documents

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Processing Time

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Instructions

a. It is strictly forbidden to import or export the Dirham.

b. The Moroccan Dirham is a closed currency, so by law you are not allowed to import or export Moroccan Dirhams.

c. You will not be able to exchange money before leaving the your country of resident.

d. You are not allowed to take more than 1000 Dirhams into or out of the country (approx. 75.00)

e. It is usually helpful to tell your bank you will be using your card abroad, and maybe take several cards in case one bank doesnt listen!

Required Information

i)official customs declaration form.

ii) declaration form written customs declaration at the time of the exportation

iii)reporting form

vi import Currency Declaration Form,

vii Find contacts information,

viiiYour Personal Address

Need for the Document

Moroccan currency may be imported in amounts not exceeding 1,000 dirhams.Moroccos national currency is the Dirham often abbreviated as Dh.(DH). The Moroccan Dirham is a closed currency.

The Dirham is divided into 100 centimes. It is strictly forbidden to import or export the Dirham.

• The importation of foreign currencies in the form of banknotes in amounts equal to or exceeding the exchange-value of 100,000 Moroccan dirhams is obligatorily subject to a written declaration to be submitted at the Customs office of entry.
• - Residents must exchange imported foreign banknotes, whatever the amount, on the foreign exchange market or deposit them in their account in

currencies or convertible dirhams, within 30 days of the date of their return to Morocco.

• Non-resident foreigners may freely exchange the imported currency at the banks or at the authorized institutions (hotels, bazaars, etc).

• If you exchange the currency, you should keep the exchange slip. This document may be useful for an eventual exchange of Dirhams.
• If you wish to re-export all or part of the currency you import, you should sign, at their entry, a declaration of the importation of means of payment.
• Foreign currency may be exchanged at the Bureau de Change at the airport on arrival, at a bank or a small amount at your hotel.

There are many ATM machines both at the airports and in larger towns for cash withdrawal. A rule of thumb is not to exchange too much money at one time, so as not to be left with too much currency when leaving the country. When changing dirhams back, you will usually be given Euros in exchange for Dirhams, but can ask for Sterling instead.

Information which might help

• Almost all hotels normally exchange money at the same rate as banks and do not charge a commission. However, do not expect a small hotel in the south, for example, to change 250 without prior notice. Most hotels and reputable shops will accept major credit cards VISA, Master Card and American Express.

• Even in the markets when buying such things as carpets, leather or any other major item, certain cards may be accepted. Maestro and other debits cards are becoming more widely accepted, but there are still some shops and restaurants that you will not be able to use them. VISA and Master-card and debit cards can be used in ATMs (found in the larger cities) and in some, but not all, hotels, restaurants and shops.

Possibly an Interesting Little Fact

In markets, currency can be referred to in three different ways. For ten dirhams, a trader may shout:

"dix dirhams" or "achra dirham" (ten dirhams)

or

"alf franc" (one thousand francs=1000 centimes=10 dirhams)

or

"miateen d'rial"( 200 rials [one rial = 5 centimes] = 10 dirhams)

Prices in local shops (such as small supermarkets) may also not be calculated in Dirham, but in alf franc.

or

"dix Euro" = 100 dirhams

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

https://morocco.visahq.com/customs/

Others

More information which might help people.