Over 2 billion dirhams in foreign asset regularization

Over 2 billion dirhams in foreign asset regularization
Tuesday 7 January 2025 - 16:04

The Exchange Office announced on Tuesday that over 2 billion dirhams in foreign assets  were declared through 658 submissions by the end of the automatic regularization process on December 31.

 Financial assets accounted for 45% of the total, amounting to 916.2 million dirhams, followed by real estate at 43% or 868.3 million dirhams, while cash holdings made up 12%, totaling 244.7 million dirhams.

The Office also reported that the total revenue from the voluntary contribution to the Treasury reached 231.76 million dirhams.

This regularization process, created under Article 8 of Finance Law No. 55-23 for 2024, closed on December 31, 2024.

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