When traveling to Morocco, understanding the currency is important for a smooth and enjoyable trip. Morocco uses the Moroccan Dirham (MAD), which is the official currency of the country. In this article, we’ll explore how the Moroccan currency works, its denominations, and how to handle money while in Morocco.

What is the Moroccan Dirham?

The Moroccan Dirham (MAD) is the currency used in Morocco. The currency code for the Dirham is MAD, but people often refer to it simply as Dirham. One Dirham is divided into 100 centimes, similar to how one dollar is divided into 100 cents. The Moroccan government issues the Dirham, and it is used exclusively in the country. Foreign currencies are not accepted for payments in most places.

The Symbols of Moroccan Money

The Dirham is represented by the symbol د.م. or MAD. It is important to note that while it is used throughout Morocco, other currencies like the euro (EUR) or US dollar (USD) are only accepted in some tourist areas, but it is always better to pay in Dirhams.

Coins and Banknotes

The Moroccan Dirham has a variety of coins, including the following denominations:

Banknotes

Moroccan banknotes come in different values, and they are typically used for larger payments. The most common denominations are:

Where to Exchange Currency

If you’re traveling to Morocco, you will need to exchange your foreign currency into Dirhams. Here are some common places to do so:

1. Currency Exchange Offices: These are available at airports, major hotels, and tourist areas. They offer competitive rates, but you might want to compare rates before exchanging.

2. Banks: Banks in Morocco also offer currency exchange services, often with reliable rates. However, expect to show identification and to pay a small fee for the service.

3. ATMs: ATMs in Morocco allow you to withdraw Dirhams using your foreign bank card. Be sure to check with your bank about international withdrawal fees before using this method.

 

Tipping in Morocco

Tipping is a common practice in Morocco, and it is appreciated by many service providers. Here are some examples of tipping guidelines:

Tipping is not mandatory, but it is a nice gesture for good service. If you are satisfied with the service, leaving a small tip will be appreciated.

 

Using Money in Morocco

When you are in Morocco, cash is the preferred method of payment, especially in smaller shops, markets (souks), and cafes. Credit cards are accepted in many larger businesses, such as high-end hotels, larger restaurants, and some shops, but always check in advance. If you’re unsure, it’s best to carry cash in Dirhams.

 

Important Tips:

It is common to haggle or negotiate prices in markets, especially for items like clothes, spices, and souvenirs.

Always double-check the amount of change you receive, as some vendors might make mistakes.

Keep small bills with you for everyday transactions, as not all places may have change for large bills.

 

Currency Restrictions

There are some restrictions on the Moroccan Dirham. You are not allowed to take Dirhams out of Morocco, so if you have leftover currency when leaving, you will need to exchange it back into your home currency before departing. However, foreign currencies can be exchanged in Morocco without any issues.

 

The Moroccan Dirham is the official currency in Morocco, and understanding how it works will help you manage your expenses during your trip. It’s important to carry cash, especially when traveling to more rural areas or markets. Always make sure to check the exchange rates and carry small denominations for convenience.