What is the Currency in Morocco? A Complete Guide

When planning a trip to Morocco, one of the first things to know is the local currency. The official currency in Morocco is the Moroccan Dirham (MAD), which is essential for all transactions during your stay. Here’s everything you need to know about the currency in Morocco.

Understanding the Moroccan Dirham (MAD)

The Moroccan Dirham is abbreviated as MAD and often represented with the symbol DH. It’s a closed currency, meaning you can only exchange it within Morocco. One Dirham is further divided into 100 centimes.

Denominations of the Dirham

The Moroccan Dirham comes in various coins and banknotes:

• Coins: 1, 2, 5, and 10 dirhams, as well as smaller denominations of 5, 10, 20, and 50 centimes.

• Banknotes: 20, 50, 100, and 200 dirhams, each showcasing Morocco’s cultural heritage and landmarks.

Where to Exchange Money in Morocco

You can exchange foreign currency for Moroccan Dirhams at:

1. Airports: Convenient but may have higher fees.

2. Banks: Offer competitive exchange rates.

3. Authorized Exchange Offices: Widely available in cities like Marrakech, Casablanca, and Fez.

4. Avoid using unauthorized street exchangers for safety and fair rates.

Using ATMs in Morocco

ATMs are available across Morocco in cities, airports, and tourist hubs. They accept major international cards, including Visa, Mastercard, and Maestro. Before traveling, notify your bank to avoid any issues with your card.

Cash or Card? What to Use

While credit and debit cards are accepted at high-end restaurants, luxury hotels, and shopping malls, cash is king in Morocco. Always carry smaller denominations for:

• Souks (markets)

• Taxis

• Street vendors

• Tips at local restaurants

Tips for Managing Currency in Morocco

1. Keep receipts from currency exchanges: These are required if you want to convert leftover dirhams back to your home currency when leaving Morocco.

2. Use smaller coins and notes: Ideal for tipping and minor purchases.

3. Exchange what you need: Since the Dirham is a closed currency, it’s best to only exchange enough for your trip.

Conclusion

The Moroccan Dirham is an integral part of your travel experience in Morocco. Whether you’re exploring the vibrant souks of Marrakech or dining at a local café, having the right currency ensures a smooth journey. Plan ahead, carry cash for smaller transactions, and enjoy the beautiful blend of tradition and modernity that Morocco has to offer.