moroccobound

It is quite simple. Most, but not all purchases have two elements, offical and black money (which is often up to 30% of the purchase price).
When one brings money into the country, the foreign currency goes into bank account, often for non residents it is a dirham convertable bank account. When one purchases a property the offical amount should then should be transfered from the bank account the money was deposited into to the Notary's account. This is the only money that is registered with the foreign exchange office. Often extra money is brought into the country for, decoration, building, living and black money, etc. None of this is not registered. This does not mean that you are stuck with dirhams when you leave the country.

Also as long as you are willing to pay the appropriate tax, you can take whatever money you want out of the country. The only way to repatriate the black money when you come to sell is to request this portion to be paid to you outside of Morocco if you are planning on leaving the country or to be paid to you in cash if you are going to purchase another Moroccan property. The goverment does guarantee your right to repatriate your funds, but only the declared funds, this is where the confusion often lies for novices. The problem is simple, once you know your way around the sysem which you will do in a very short period.