<b>MRE</b> foreign currency account

Are you a company exporting goods and services and would like to postpone your payment deadlines, while securing your international transactions?

BANK OF AFRICA allows you, with the authorisation of the Office des Changes, to open a Foreign currency account and manage all your foreign currency transactions: transfers abroad, collection of funds from abroad, access to international means of payment, etc.

6 key benefits

BANK OF AFRICA's Foreign currency account allows you to facilitate all your international transactions but also to benefit from an allocation for your business trips, while controlling the foreign exchange risk.

Optimally manage your foreign currency transactions
Carry out your transfers abroad in complete freedom and security
An access to international means of payment
Benefit from a business allocation within the authorised limits
Control foreign exchange risk
Have foreign banknotes at your disposal to finance your business expenses in foreign currencies

Your questions, our answers

Any company with an export-oriented activity can apply to open an account. The Foreign currency account is usable with all currencies quoted by Bank Al Maghrib.

The Account must be funded in foreign currencies. This way, when you export goods, the Foreign currency account allows you to keep up to 70% of the amount collected for this transaction. In addition, for business travel allocations, the account can be funded up to 100% of the allocation, depending on the type of company.

It is possible to hold one or more foreign currency accounts, provided that the amount of the allocation, divided between these accounts, respects the regulatory limits authorised by the Office des Changes.