what currency is used in morocco

1 year ago 36
Nature

The currency used in Morocco is the Moroccan Dirham (MAD), which is made up of 100 santimat (or centimes) . The dirham has been the official currency of Morocco since 1882 and comes in coins of nine denominations and banknotes of four denominations. The dirham is a closed currency, meaning it cannot be taken out of Morocco and can only be bought once you arrive in the country. It is advisable to exchange your currency to Moroccan dirhams in the country through currency exchange agencies, the airport counter, or ATMs. The dirham is symbolized as "MAD" and is used for all transactions within the country. It is important to note that Australian and Canadian dollars are not accepted for exchange in Morocco, while US Dollars, Euros, and British Pounds Sterling are accepted.