Transfering money from Morocco

Member since 03 July 2018

Bilal KhMember03 July 2018 13:50:40

Hello guys!
I am from Norway and i have inherit some money from my grandpather that is moroccan.
I am buying a house here in Norway and I find it very difficult to get any info online about this.

If I have an bank account in Morocco, is it possible to transfer to my account in Norway?
Or do I have to smuggle my own legal money out from Morocco?

baijad Active member

Member since 23 April 2018

baijadActive member03 July 2018 23:57:52

I don't think you can take the MAD out of Morocco.

GuestPoster197 Guest

GuestPoster197Guest26 July 2018 23:37:56

do u have a moroccan citisenship as well?

Capoppy55 Active member

Member since 23 July 2018

Capoppy55Active member27 July 2018 00:13:12

You should be able to do an international wire transfer. Check with your bank there first.

baijad Active member

Member since 23 April 2018

baijadActive member28 July 2018 04:50:32

No, but the only money you can take out of Morocco is money you have bought in from other countries and can prove it is yours. like the American dollar etc.

baijad Active member

Member since 23 April 2018

baijadActive member28 July 2018 04:54:30

hla032 Contributor

Member since 11 March 2015

hla032Contributor30 July 2018 21:04:41

139

No automatic transfer is allowed, you should Ask for an authorization from the Exchange Office based on the origin of the funds (inheritance), however you May be required to do it over 4 annual instalments of 25%.

Bank accounts for expats

Discover the best international banks to manage your money securely.

GuestPoster197 Guest

GuestPoster197Guest06 August 2018 08:55:39

Baijad is correct.
Find a trusted Moroccan friend who has business in Paris, give him or her 1% fee, and ask this person to transfer the funds from his or her Parisian account to your account in Europe.
The key word: 鈥渢rusted Moroccan friend鈥�.
Better if you have a friend in Europe who has businesses or Bank account in Morocco.