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Currency & Exchange

Currency of Morocco: Moroccan Dirham

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Moroccan Dirham · MAD · National

Moroccan Dirham
ISO MAD · MOROCCO
Moroccan Dirham
ISO codeMAD
Monetary authorityBank Al-Maghrib
MAD
ISO 4217 code
Currency identifier
1
Currencies with an official role
National
MAD
Display identifier
ISO code used where a standalone symbol is not shown
Time-sensitive
Exchange-rate context
Check the rate date and source
CurrencyMoroccan Dirham
ISO codeMAD
Largest note200 DH
Largest coin10 DH
Current note series2023 banknote series with earlier valid issues

Who Issues Moroccan Dirham in Morocco

Morocco denominates its national monetary system in the Moroccan Dirham (MAD). Readers will see the symbol MAD on this page, while banking and data systems can use the currency's ISO numeric identifier 504.

Monetary authority for the Moroccan Dirham sits domestically with Bank Al-Maghrib. In Morocco, MAD is therefore governed through a national framework, not by an external currency issuer.

Currency architectureNational
Primary currencyMoroccan Dirham (MAD)
Monetary authorityBank Al-Maghrib

Exchange Rate for MAD

On this Morocco currency page, the useful benchmark is a dated MAD observation with its currency pair stated explicitly. Provider spreads, card charges and commissions can still change the amount actually paid. The page therefore keeps the conversion benchmark easy to verify.

Latest available reference rate*Loading...
Checking USD/MAD
Latest official/reference observation where supported. Source and date are shown after loading; this is not a trading quote.
=

When reading an MAD conversion, hold the pair and timestamp constant when judging changes in the reference rate. A bank, card network or cash desk may apply its own spread or fee to that benchmark.

Banknotes and Coins

Banknotes

Bank Al-Maghrib's newest banknote series contains 20, 50, 100 and 200 dirham notes. Earlier valid issues continue to circulate during the transition.

20 DH
50 DH
100 DH
200 DH

Coins

Morocco's standard circulation coin structure includes 10, 20 and 50 centimes plus 1, 2, 5 and 10 dirhams.

10 centimes
20 centimes
50 centimes
1 DH
2 DH
5 DH
10 DH

Frequently Asked Questions

What currency is used in Morocco?

The Moroccan Dirham (MAD) is the national currency of Morocco. Bank Al-Maghrib is responsible for the domestic monetary framework.

Who manages the currency system in Morocco?

Bank Al-Maghrib is the main monetary authority identified for Morocco.

Are the exchange rates for Morocco real-time?

For readers comparing MAD, a supported conversion is based on the latest reference observation available to the tool, with the observation date shown. The figure is informational and can differ from a bank, card or cash-counter quote. This supports the data layers easy to distinguish.

Data note: Figures marked with * are sourced from external institutions or data providers and may change after publication. Exchange rates, payment statistics and other time-sensitive figures are provided for general reference and may not reflect current market, bank, card-network or transaction rates. DigifyWorld aims to use reliable sources and keep information current, but cannot guarantee that all data is complete, real-time or 100% accurate. Check the cited source or relevant monetary authority when making financial decisions.

More about Morocco

Explore Morocco across the other DigifyWorld country-data sections.

Public HolidaysPublic holidays 2026 and 2027→Digital AdoptionInternet, payments and digital government→Population & DemographicsPopulation, age structure and projections→Economy SnapshotGDP, trade and economic structure→LanguagesLanguages, scripts and language context→Human DevelopmentHDI and quality-of-life indicators→Geography & EnvironmentLand, climate and environment→Practical Country InfoTime, driving, electricity and codes→EducationSchool system and education data→

Sources & methodology

For Morocco, institutional currency facts are checked against Bank Al-Maghrib or the applicable monetary-system authority. The MAD identity follows ISO 4217, and the exchange-arrangement classification for Morocco is cross-checked against the IMF framework. A dynamic MAD observation for Morocco, when available, is kept separate from those institutional facts and shows its own date and provider.

View sources used for this page
Exchange-rate note: the MAD converter for Morocco requests a supported reference-rate source and displays the observation date. If no supported observation is available, the converter shows that a reference rate is unavailable instead of estimating one.