What is The Currency in Morocco?

What is the Currency in Morocco? A Traveler’s Guide

If you’re planning a trip to Morocco, one of the first things you’ll need to familiarize yourself with is the local currency. Morocco’s currency is the Moroccan Dirham, commonly abbreviated as MAD. It’s the official currency used for all transactions, from shopping in the bustling souks of Marrakech to dining in high-end restaurants or paying for your luxurious riad stay.

An Overview of the Moroccan Dirham

• Symbol: MAD or Dh

• Subdivisions: 1 dirham = 100 centimes

• Banknotes: Common denominations include 20, 50, 100, and 200 MAD.

• Coins: Available in 1, 2, 5, and 10 MAD, along with smaller denominations of centimes (10, 20, 50).

How to Get Moroccan Dirhams

1. ATMs:

ATMs are widely available in cities like Marrakech, Casablanca, and Fes. They offer a convenient way to withdraw dirhams using your debit or credit card.

2. Currency Exchange:

Exchange bureaus are found in airports, major cities, and tourist areas. They offer competitive rates, but always compare rates before exchanging.

3. Credit and Debit Cards:

Many hotels, restaurants, and larger shops accept cards, but always carry some cash for smaller purchases, especially in local markets.

4. Avoid Black Market Exchange:

Exchanging money outside official channels is illegal in Morocco and should be avoided.

Understanding Moroccan Currency Laws

The dirham is a closed currency, meaning it cannot be taken out of or brought into the country in large amounts. Upon arrival, you can exchange foreign currency for dirhams, and at the end of your trip, you can convert leftover dirhams back into your original currency (up to a limit). Always keep your exchange receipts for this purpose.

Tips for Using the Moroccan Dirham

1. Carry Small Change:

Having smaller denominations of dirhams is essential for tipping, taxi fares, and shopping in the souks.

2. Haggling is Common:

In markets and smaller shops, prices are often negotiable, and having cash makes bargaining easier.

3. Know the Exchange Rate:

Stay updated on the current exchange rate to avoid overpaying or being shortchanged.

4. Tipping:

Tipping is customary in Morocco. A small tip of 10-20 MAD is appreciated in restaurants, for taxi drivers, and for hotel staff.

Conclusion

The Moroccan Dirham is integral to your experience in Morocco, whether you’re indulging in Moroccan delicacies, shopping for artisanal crafts, or exploring the country’s vibrant attractions. Familiarize yourself with its usage, carry some cash, and enjoy a hassle-free journey through this enchanting land.