Money in Morocco

The official currency of Morocco is the Moroccan dirham (MAD). Here are some key details about the dirham:

1. Denominations: The dirham is available in various denominations, including banknotes (billets) and coins (pièces). Banknotes are issued in denominations of 20, 50, 100, and 200 dirhams, while coins come in denominations of 1, 2, 5, and 10 dirhams, as well as smaller denominations of 10, 20, and 50 santimat.
2. Exchange Rate: The exchange rate of the Moroccan dirham can vary depending on the currency exchange market. It is recommended to check with a reliable source, such as a bank or currency exchange service, for the most up-to-date rates.
3. Currency Exchange: Currency exchange services are widely available in Morocco, including at airports, banks, and authorized exchange offices. It’s advisable to compare rates and fees before exchanging your currency to ensure you get the best value.
4. ATMs and Credit Cards: ATMs can be found in major cities and tourist areas, allowing you to withdraw dirhams using your international debit or credit card, Visa and Mastercard are widely accepted in larger establishments in the major cities such as hotels, restaurants but in many places cash is preferred.
5. Currency Regulations: There are no restrictions on bringing foreign currency into Morocco. However, if you are carrying more than 100,000 dirhams or its equivalent, However you can take a maximum of 2000 Dirham out of the country
6. Tips for Currency Exchange: It’s advisable to exchange your currency into dirhams at official exchange offices or banks to ensure fair rates and avoid potential scams. It’s also a good idea to keep small denominations of dirhams on hand for everyday expenses and tipping.

Remember to keep your currency safe during your travels, and if you have any specific questions or concerns about handling money in Morocco, it’s recommended to consult with your local bank or financial institution for further guidance.