The main currency of Morocco is the Moroccan dirham, abbreviated as MAD. The dirham is used throughout the country for all types of transactions, from everyday purchases to larger financial dealings.
Key Details about the Moroccan Dirham:
- Symbol: The symbol for the dirham is often written as “DH”.
- Subunits: The dirham is subdivided into 100 centimes.
- Banknotes and Coins: Moroccan dirhams are available in various denominations. Banknotes typically come in denominations of 20, 50, 100, and 200 dirhams, while coins are available in denominations of 1, 5, and 10 dirhams, as well as smaller denominations of 0.5 and 1 centime.
The Moroccan dirham is issued and regulated by the Bank Al-Maghrib, Morocco’s central bank.
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