Finance•Banking
How to Open a Foreign Currency Account in Morocco (2026)
A foreign currency account allows you to hold Euros, Dollars, or other foreign currencies in a Moroccan bank. It's a valuable tool for Moroccans Residing Abroad (MRE), exporters, and frequent travellers.
📋 Who can open a foreign currency account?
- MRE (Moroccans Residing Abroad): Automatic right. This is the most common profile.
- Foreign residents in Morocco: Possible with a valid residence permit (Carte de Séjour).
- Moroccan residents: Possible under strict conditions (proof of foreign currency income, unused tourist allowance, etc.).
- Exporting companies: Professional foreign currency account, regulated by the Office des Changes.
🏦 Banks offering this service
All major Moroccan commercial banks provide this service:
- Attijariwafa Bank — "Convertible Account"
- BMCE (Bank of Africa) — MRE pack with an Euro account
- Banque Populaire (Chaabi Bank) — Very popular among MREs in France
- CIH Bank — Option to open online easily
- BMCI (BNP Paribas Morocco) — Ideal for BNP clients in Europe
✅ Benefits of a foreign currency account
- Protection against dirham depreciation: Your funds remain in strong currencies.
- Conversion freedom: Choose when to convert into dirhams to benefit from the best rate.
- Travel ease: Withdraw foreign currency directly when travelling abroad.
- International payments: Pay for online purchases on foreign websites without exchange fees.
Monitor the EUR/MAD rate daily
Convert at the best time between your foreign currency account and dirham account
Check Deviz.ma Rates →📄 Required Documents
- National ID card (CIN) or Passport
- Proof of foreign residence (for MREs) or valid resident permit
- Proof of foreign income (payslips, contracts)
- Account opening form (provided by the branch)