Moroccan Dirham

About The Moroccan Dirham: The Currency of Morocco

Quick Facts About the Moroccan Dirham Notes

Country of Origin	Morocco
Symbol	DH
Currency Code	MAD (Numeric- 504)
Nick Names
Minor units	Santim
Denominations (Banknotes)	20, 50, 100, 200 dirhams and 25 dirhams (rarely used)
Motto
Identification Feature	A picture of King Mohammed VI and the imperial crown may be seen on the most recent banknotes of Moroccan dirham. An illustration of a Moroccan entryway is also included in the notes as a homage to the nation's rich architectural history.
Issuing Bank	Al-Maghrib (Central Bank of Morocco)
In Circulation Since	1882

The official money of Morocco is the Moroccan dirham (MAD). The Moroccan Dirham symbol is DH. The issue and circulation of the Moroccan dirham are under the jurisdiction of Bank al-Maghrib, the country's central bank. It is possible to split a Moroccan dirham into 100 centimes (or cents). A santim is the name of each unit.

Mohammed VI, the King of Morocco, has legislative and executive authority over monetary, foreign, and religious matters. He is in power thanks to an elected legislature. Since attempts to remove the King have been unsuccessful, the nation is still a constitutional monarchy. Demonstrators continue to strive for reform that would ultimately reduce the King's influence, including those during the Arab Spring upheavals.

The current rate for Moroccan Dirham to INR is ⚠️ 🔄.

History of the Moroccan Dirham

The Greek drachma is where the term "dirham" comes from. From the eighth to the tenth century, Morocco's Idrisid dynasty produced the silver Idrissid dirham.

Morocco used to issue copper coins in falus, silver coins in dirham, and gold coins in benduqi until the adoption of a modern coinage in 1882. As of 1882, the Moroccan rial was subdivided into 500 Mazunas, 10 dirham, and 1 rial.

Morocco moved to the Moroccan franc in 1912, when the majority of the country became a protectorate of France. A new Moroccan dirham was issued on October 16, 1960. The franc was replaced as the primary unit of currency, but it was nevertheless in use up until 1974, with a parity of 1 dirham for every 100 francs. The centime took the place of the franc in 1974.

The live Moroccan Dirham rate has faced various ups and downs, but it has stood the test of time. The Moroccan Dirham price has been relatively constant in recent times.

The value of the Moroccan Dirham to Dollar (USD) is 0.09 currently while the value of Moroccan Dirham to Indian rupee is 7.88.

Countries Accepting the Moroccan Dirham

Amount in the Moroccan Dirham You Should Carry for Your Trip

You can only buy Moroccan Dirham after you are in Morocco because it is a closed currency. You may bring in or remove up to 1000 DH (about £65), but you must exchange the remaining funds when you arrive.

You may convert your pounds to Moroccan dirham at a Bureau de Change in the airport or port, at a bank, or in most hotels (though avoid bringing Scottish, Gibraltar, or Northern Irish Sterling notes). Keep your receipt; you may need it to exchange your dirhams back before you depart at a decent rate at the airport. Since you cannot carry the money home, it is wise to withdraw or change only as much as you need. The Moroccan Dirham exchange rate will be significantly worse when you sell Moroccan Dirham back to pounds or convert Moroccan Dirham to Euro. The preferred currency to take back is usually a Moroccan Dirham to USD conversion.

Cash is favoured as a payment option in the majority of Morocco because few merchants accept credit cards. However, larger lodging establishments, eateries, and shops are more likely to accept Visa and MasterCard, frequently for a nominal fee. Amex is accepted only seldom. Moroccan Dirham Forex Cards are also useful.

A week in Morocco should cost two people about 7,900 Moroccan Dirham.

The aforementioned price assumes that you would stay in decent, midrange lodging and eat out a few times a week in addition to some home cooking. It accounts for a few leisurely sightseeing activities but excludes pricey pursuits like adventure sports or deluxe excursions.

In general, the cost of travel decreases with the distance travelled, with fly-in, and fly-out excursions occasionally costing more.