Currency Rate Moroccan Dirham to USD
Our Currency Rate MAD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the MAD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
MAD 0.090105
Selling rate
MAD0.133353
Moroccan Dirham (MAD)
Currency Details
Symbol: DH
ISO Code: MAD
Subunits: 1 Dirham = 100 centimes
Banknotes and Coins
The Moroccan Dirham is available in both coins and banknotes:
Coins:
Coins are available in denominations of
1 dirhams
2 dirhams
5 dirhams
10 dirhams, as well as 5, 10, 20, and 50 centimes.
Banknotes:
Current banknotes in circulation:
20 dirhams
50 dirhams
100 dirhams
200 dirhams
The banknotes and coins of the Moroccan Dirham feature various historical figures, cultural motifs, and natural landmarks of Morocco.
History and Background
The Moroccan Dirham has been the official currency of Morocco since 1960, replacing the Moroccan franc. It is managed and issued by Bank Al-Maghrib, the central bank of Morocco.
Economic Significance
The MAD is crucial to Morocco's economy, facilitating trade, investment, and daily transactions. Morocco's economy is primarily driven by agriculture, mining, manufacturing, and tourism.
Usage and Exchange
The Moroccan Dirham is widely accepted across Morocco for all transactions. For international visitors and expatriates, exchanging foreign currency for Moroccan Dirhams can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Moroccan Dirham is not just a currency; it is a symbol of Morocco's cultural heritage, economic resilience, and natural beauty. Understanding the MAD is essential for anyone engaging with Morocco's economy, whether as a resident or a visitor. The stability and accessibility of the Moroccan Dirham play a significant role in the country's economic growth and development.
Currency Details
Symbol: DH
ISO Code: MAD
Subunits: 1 Dirham = 100 centimes
Banknotes and Coins
The Moroccan Dirham is available in both coins and banknotes:
Coins:
Coins are available in denominations of
1 dirhams
2 dirhams
5 dirhams
10 dirhams, as well as 5, 10, 20, and 50 centimes.
Banknotes:
Current banknotes in circulation:
20 dirhams
50 dirhams
100 dirhams
200 dirhams
The banknotes and coins of the Moroccan Dirham feature various historical figures, cultural motifs, and natural landmarks of Morocco.
History and Background
The Moroccan Dirham has been the official currency of Morocco since 1960, replacing the Moroccan franc. It is managed and issued by Bank Al-Maghrib, the central bank of Morocco.
Economic Significance
The MAD is crucial to Morocco's economy, facilitating trade, investment, and daily transactions. Morocco's economy is primarily driven by agriculture, mining, manufacturing, and tourism.
Usage and Exchange
The Moroccan Dirham is widely accepted across Morocco for all transactions. For international visitors and expatriates, exchanging foreign currency for Moroccan Dirhams can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Moroccan Dirham is not just a currency; it is a symbol of Morocco's cultural heritage, economic resilience, and natural beauty. Understanding the MAD is essential for anyone engaging with Morocco's economy, whether as a resident or a visitor. The stability and accessibility of the Moroccan Dirham play a significant role in the country's economic growth and development.