|
The Morocco currency is the Moroccan Dirham or MAD. It is also written as DH. The currency is stable and is the first choice of traders plying their trade in the North African region.
The unit of Morocco currency is the Dirham. The dirham is divided into 100 centimes. The centime is the basic unit of Morocco money. A centime cannot be further divisible. Traders and locals of Morocco employ the term 'Rial' in their monetary dealings. The rial is a colloquial term for an aggregation of centimes. This 'grouping' is arbitrary and subject to different monetary interpretations in different locations in the Kingdom of Morocco. 20 rials usually make a dirham in Morocco. This premise does not hold true in some tourist spots like Tangier and Rif. Visitors are advised to exercise caution before completing their monetary transaction in rials.
The currency of Morocco takes the material shape of paper notes and metal coins. Coins of Morocco are available in a wide range of denominations like 5c, 10c, 20c and 50c. Coins are also available in the value of 1dh, 5dh and 10dh. Currency notes are available in 20dh, 50dh, 100dh and 200dh monetary values. Plastic currency like Credit cards and Debit cards can be used in the Kingdom of Morocco.
|