What currency is used in Morocco?
Certainly! The official currency of Morocco is the Moroccan dirham (MAD or Dhs). The dirham is further subdivided into 100 centimes. The currency is issued and regulated by Bank Al-Maghrib, which is the central bank of Morocco.
Morocco has its readingunique banknotes and coins. Banknotes are available in denominations of 20, 50, 100, and 200 dirhams, while coins come in denominations of 1, 2, 5, and 10 dirhams and 1, 2, 5, 10, and 20 centimes.
When visiting Morocco or engaging in transactions in the country, it’s important to use the local currency, the dirham. While some tourist areas and businesses may accept major foreign currencies or credit cards, it’s generally advisable to have some local currency on hand for smaller transactions or places that may not accept other forms of payment.
The exchange rate of the Moroccan dirham can fluctuate, so it’s a good idea to check the current rates if you plan to exchange money or use a currency converter when making financial plans involving Moroccan dirhams.
