Moroccan Dirham (MAD) Exchange Rates

ISO 4217 Code

MAD

Central Bank

Bank of Al-Maghrib

Website

www.bkam.ma

Official users

Morocco

Sub-unit

1/100 Santim

Plural

Dirhams
Santimat

Coins in use

10, 20 Santimat, ½, 1, 2, 5, 10 Dirhams

Banknotes in use

20, 50, 100, 200 Dirhams

Rarely used coins

5 Santimat

The Dirham is the currency of Morocco and is classed a fully convertible currency. The Central Bank of Morocco issues the currency and under law it is illegal to export it. The modern Dirham was introduced in 1960 after Morocco was gained independence from France.