A Bridge Between Worlds: Morocco’s Remittance History
The gateway to Africa, the home of the Berbers and the emblematic backdrop to Casablanca. These are only some of the titles borne by the multi-cultural hub that is Morocco.
Over the years, Morocco has attracted African investment to the extent of becoming the focal point of development in the continent. Aside from businessmen, Morocco has also hosted film producers, writers, and artists lured by the country’s mesmerizing landscapes and vibrant atmosphere.
It also serves as a transit country for many African immigrants looking to make it into Europe and the rest of the western world. Nowadays, Morocco is also becoming a home to many migrant workers as well.
The Migration History of Morocco
With a population of 33.8 million, Morocco is a multi-cultural society with deep Arab, French, Spanish and Roman influences. Its international nature has made it the norm for citizens to speak two or three languages fluently.
Although an emigration country, Morocco has seen an increase in immigration since the early 2000s.
To regularize the influx, the Moroccan government put in place a campaign allowing 25,000 migrants, including women and children, to obtain a one-year residence permit. More than 115 nationalities were registered, with most migrants and refugees coming from Senegal, Syria and Nigeria. 27,330 applications were submitted with an acceptance rate of 65%.
Remittances and Morocco
The change in immigration patterns hasn’t stopped remittances from playing a major role in Morocco’s development, representing 6.7% of the nation’s GDP. In 2017, remittance inflows reached USD$7.5 billion.
According to the World Bank, the three major senders to Morocco are France (USD$229.2 million), Spain (USD$184.8 million) and Italy (USD$127 million). At the same time, the most popular destinations for remittances originating from Morocco are France (USD$63 million), Algeria (USD$18 million), and Italy and Lebanon tied at USD$6 million.
How to Send Money to Morocco with Ria
It’s been more than ten years since we arrived in Morocco.
Today, we have more than 7500 points of payment.
Whether you’re a tourist, a resident or a migrant worker, learning how to quickly and safely send money to Morocco is bound to come in handy.
The most important thing you need to know is that almost all our stores and agents participate in our open payment program. Traditionally, the person receiving the money would have to pick it up at the location that was specified by the sender. Now, residents of Morocco can pick up their cash at any of our locations.
We haven’t skimped on any details since we set foot in Morocco. Today, we can offer not only a safe and convenient service, but also among best rates in the world.