Morocco Folding Container 30kW Payment

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4 FAQs about Morocco Folding Container 30kW Payment

How is a foreign exchange payment processed in Morocco?

According to regulations governing foreign exchange, payment of goods imported into Morocco is processed only after the actual entrance of the goods into the country. Buyers are allowed to prepay up to 30 percent of the invoice amount for all goods.

How do I pay for imports in Morocco?

To pay for imports of goods and services into Morocco, local importers do not need an authorization from the Foreign Exchange Office (Office des Changes).

How does a Moroccan bank ensure full prepayment?

It is also possible for the Moroccan bank to ensure full prepayment upon receipt of a document showing that the merchandise is in transit. Banks are authorized to issue bank guarantees to secure payments to foreign suppliers. Importers normally give local buyers up to 90 days credit.

Where can I find information about ICS financing in Morocco?

To access Morocco’s ICS section on financing, visit the U.S. Department of State Investment Climate Statement website. Morocco continues to modernize its banking system, originally modeled after the French system. Morocco’s banks are some of Africa’s largest, and several have become important on the continent and continue to expand their footprint.