Moroccan Currency: Everything You Need to Know About the Moroccan Dirham

Morocco is a beautiful country known for its vibrant culture, historic cities, and stunning landscapes. Whether you're visiting as a tourist or conducting business, understanding the Moroccan Dirham (MAD) is essential. In this blog, we’ll explore the history, value, and practical tips for using the Moroccan Dirham effectively.

History of the Moroccan Dirham

The Moroccan Dirham was introduced in 1960 as the official currency of Morocco, replacing the Moroccan Franc. It is abbreviated as MAD and denoted by the symbol د.م. The Dirham is further divided into 100 centimes.

Before the introduction of the Dirham, Morocco had used various currencies throughout its history, including the Moroccan Rial and the Moroccan Franc, influenced by European colonial rule.

Moroccan Dirham Banknotes and Coins

The Moroccan Dirham is available in both banknotes and coins, each featuring historical symbols, King Mohammed VI, and Moroccan cultural landmarks.

Coins in Morocco:

• 1, 2, 5, and 10 Dirham coins
• Smaller centime coins: 5, 10, 20, and 50 centimes

Banknotes in Morocco:

• 20 MAD – Smallest banknote
• 50 MAD – Common for daily expenses
• 100 MAD – Widely used
• 200 MAD – Largest banknote

Each banknote and coin carries artistic and cultural elements, making Moroccan currency visually unique.

Moroccan Dirham Exchange Rate and Value

The exchange rate of the Moroccan Dirham fluctuates against major currencies like the US Dollar (USD), Euro (EUR), and British Pound (GBP).

As of 2024, the approximate exchange rates are:

• 1 USD ≈ 10 MAD
• 1 EUR ≈ 11 MAD
• 1 GBP ≈ 13 MAD

However, these rates can change daily. It is best to check a currency converter or consult a bank before exchanging money.

Where to Exchange Money in Morocco

You can exchange money at multiple locations in Morocco:

Best Places to Exchange Currency in Morocco:

✅ Banks – Offer the best exchange rates.
✅ Official Exchange Bureaus – Located in cities and tourist areas.
✅ Hotels and Airports – Convenient but may have higher fees.
✅ ATMs – Easily accessible and allow cash withdrawals in Dirhams.

🚨 Avoid exchanging money with street vendors, as it may lead to scams or counterfeit bills.

Using the Moroccan Dirham in Daily Transactions

The Moroccan Dirham is the only legal currency in Morocco. However, in tourist-heavy areas, some hotels and shops may accept Euros (EUR) or US Dollars (USD).

Where Credit and Debit Cards Are Accepted:

✔️ Hotels
✔️ Large restaurants
✔️ Supermarkets
✔️ Shopping malls

💡 Cash is still preferred in traditional markets (souks), taxis, and smaller shops, so always carry small Dirham denominations.

Tipping and Bargaining in Morocco

💰 Tipping Culture in Morocco:

• Restaurants & Cafés: 5-10% tip is appreciated.
• Taxis: Rounding up the fare is common.
• Tour Guides & Hotel Staff: Small tips are expected.

🛍️ Bargaining in Souks:

• Bargaining is a cultural tradition in Moroccan markets (souks).
• Always negotiate when buying handmade crafts, carpets, or souvenirs.
• Start with half the asking price and slowly increase your offer.

Moroccan Dirham Restrictions: How Much Can You Carry?

According to Moroccan law:
❌ You cannot take more than 1,000 MAD outside Morocco without prior authorization.
💳 It’s best to spend or exchange leftover Dirhams before leaving the country.

Frequently Asked Questions (FAQs) About the Moroccan Dirham

1. What is the official currency of Morocco?

The official currency of Morocco is the Moroccan Dirham (MAD), symbolized as د.م.

2. Can I use US Dollars or Euros in Morocco?

While some hotels and tourist shops may accept US Dollars (USD) or Euros (EUR), the Moroccan Dirham is the only official currency for transactions.

3. Where can I exchange currency in Morocco?

You can exchange currency at banks, official exchange bureaus, hotels, and airports. ATMs are also widely available for withdrawing Dirhams.

4. Is it better to bring cash or use a credit card in Morocco?

It’s best to carry a mix of both. Credit and debit cards are widely accepted in cities, but cash is essential for rural areas, markets, and taxis.

5. What is the best way to get Moroccan Dirhams?

The best way is to withdraw from ATMs or exchange money at official exchange bureaus or banks. Avoid exchanging money with street vendors.

6. Can I take Moroccan Dirhams outside Morocco?

No, Moroccan law prohibits taking more than 1,000 MAD outside the country without permission. It's best to exchange any leftover Dirhams before departing.

7. Are ATMs available in Morocco?

Yes, ATMs are available in major cities, airports, and tourist areas, allowing withdrawals in Moroccan Dirhams using international cards.

8. Is it necessary to tip in Morocco?

Tipping is not mandatory but is appreciated. In restaurants, 5-10% of the bill is a common tip.

9. Can I use mobile payments or digital wallets in Morocco?

Digital payments are not widely used. Some major businesses accept mobile payments, but cash and cards are more common.

10. Do I need to bargain when shopping in Morocco?

Yes! Bargaining is expected in local markets (souks). Start at 50% of the asking price and negotiate from there.

Conclusion: Smart Tips for Using the Moroccan Dirham

• Check exchange rates before traveling to get the best value.
• Use banks and official exchange bureaus for safe currency conversion.
• Carry cash for rural areas and souks where cards may not be accepted.
• Bargain when shopping in markets to get the best price.
• Avoid carrying large amounts of cash for security reasons.

By understanding how to use the Moroccan Dirham, you’ll enjoy a smoother experience while exploring Morocco’s incredible landscapes, delicious cuisine, and rich heritage.

✨ Safe travels, and enjoy Morocco!