Morocco · Country watch

Dirham Depreciation, Land Reclamation, EU Tariffs

The dirham depreciates significantly, Morocco reclaims land from investors, and new EU tariffs may affect Moroccan e-commerce prices.

Florent Kalfon · 26 October 2026 · 10 articles read

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Business conditions in Morocco are mixed with the dirham's depreciation impacting import costs, reclaimed land offering new opportunities, and EU tariffs potentially raising e-commerce prices.

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In this briefing Morocco · Dirham · Attijari Global Research · European Union · Chinese e-commerce

Regulation

Agriculture
Construction

Morocco reclaims 5,862 hectares from investors

brown concrete houses — Pommelien da Silva Cosme / Unsplash

Morocco has reclaimed 5,862 hectares of land from investors who failed to meet their commitments to the state. An official report highlights the scale of these recoveries in 2025 and their redirection towards new economic projects. This move underscores the government's commitment to ensuring that land allocations are utilized effectively for economic development, according to bladi.net.

Impact Investors who failed to meet state commitments lose land; new projects may benefit from reclaimed areas.

Sources: bladi.net ↗

Markets

Finance

Dirham faces significant depreciation in 2026

The dirham has experienced its most significant depreciation since 2022, with the USD/MAD and EUR/MAD pairs gaining 7.2% and 2.4% respectively since the start of the year. According to Attijari Global Research, the main pressure comes from a tightening of foreign currency liquidity, driven by three factors: energy, phosphates, and dividends. This situation is impacting the exchange rates and the overall liquidity of the dirham, as reported by Telquel.

Impact Importers and companies with foreign currency obligations face increased costs due to the dirham's depreciation.

Sources: Telquel ↗

Trade

Retail
Logistics

EU tariffs on Chinese e-commerce may affect Morocco

The European Union will implement new tariffs on parcels purchased online from November 1, particularly affecting products from major Chinese e-commerce platforms. The new processing fee of €2 per item in the customs declaration could impact Moroccan consumers, as reported by Hespress. This change may lead to increased prices for goods imported from these platforms into Morocco.

Impact Moroccan e-commerce consumers face potential price increases due to new EU tariffs on Chinese goods.

Watch The new EU tariff takes effect on 1 November. · 1 November 2026

Sources: Hespress ↗

Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Politics.