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Moroccan Dirham (MAD)

Moroccan Dirham · DH · Official currency of Morocco

History

The Moroccan dirham (DH) takes its name from the ancient Greek drachma, and was introduced in 1960, replacing the French colonial currency.

Banknote Denominations

Four denominations circulate: DH20, DH50, DH100, and DH200, featuring a portrait of the Moroccan king and traditional architecture.

Traveler Tips

The Moroccan dirham is subject to exchange controls, making it hard to buy before arrival, so it's standard practice to exchange at a local bank or licensed money changer after you land. Traditional markets (souks) have a haggling culture, where cash — especially small bills — comes in handy. Converting leftover dirhams back on departure is restricted in principle, so it's best to exchange only what you'll actually use.

Issuing authority
Bank Al-Maghrib
Introduced
Founded 1959
Sub-unit
1 dirham = 100 centimes

You can view the real banknote designs on the Bank Al-Maghrib's official page.

See Moroccan Dirham banknotes at today's exchange rate →