Moroccan dirham MAD

The Moroccan dirham is the official currency of Morocco. It is unofficially used in Ceuta, Melilla, and Spain. One dirham is divided into 100 cents. Banknotes in circulation are in denominations of 20, 50, 100, and 200 dirhams, and coins are available in ½, 1, 5, and 10 dirhams, as well as 10 and 20 cent coins.

History of the Moroccan Dirham

The dirham first became Morocco's currency in 1882, but in 1912, it was replaced by the French franc. The dirham was reintroduced in 1960, replacing the franc at a rate of 1 dirham to 100 francs.

Interesting Facts about the Moroccan Dirham

In Morocco, various unofficial names for money are commonly used, though they are not recognized officially. For example, five cents are called rials, and a franc is equivalent to one cent. Despite their popularity in markets and shopping centers, the government does not consider these names official.