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Last updated : Nov 2009
Morocco Currency
Morocco money - Morocco TravelPuppy
1 Moroccan Dirham (MAD) = 100 centimes.

Notes are in denominations of MAD10, 20, 50, 100 and 200.

Coins are in denominations of MAD1, 5 and 10, and 5, 10, 20 and 50 centimes.

Currency exchange

Moroccan Dirhams can only be bought in Morocco.

National currencies should be exchanged at official bureaux de change only these are identified by a golden sign, exchanging money in the street is illegal. No commission is charged and visitors will be issued with a receipt which they must keep in order to change Moroccan currency back into the original national currency upon departure.

Money can also be withdrawn in banks with a cheque book and a credit card or directly from an ATM in larger towns.

Credit & debit cards in Morocco

Some credit cards are accepted in Morocco. Please check with your debit or credit card company for details of merchant acceptability and any other services which may be available.

Travellers cheques

To avoid additional exchange rate charges, travellers are recommended to take traveller's cheques in Pounds Sterling or United States Dollars.

Currency restrictions

The import and export of local currency is prohibited, all local currency must be reconverted prior to departure from Morocco. The import and export of foreign currency is unrestricted however it must be declared if in excess of the MAD15,000 equivalent.

Upon production of bank vouchers, half the Moroccan currency purchased during a visitor’s stay may be re-exchanged for foreign currency (subject to boundaries) and all of it if the stay is under 48 hours.

Exchange rate indicators

The following figures are included as a guide to the movements of the Moroccan Dirham (MAD) against Sterling and the US Dollar:
 
Date Oct 07
£1.00=
16.37
$1.00=
7.87
 
Banking hours

Monday-Thursday 0815-1215hrs and 1415-1715hrs, Friday 0815-1115hrs and 1430-1730hrs, Saturday 0900-1300hrs.
Useful travel links
AMEX Travellers Cheques information on Amex travellers cheques
Oanda International currency and foreign exchange services
Travellers Cheques Visa information on Visa travellers cheques
Universal Currency Converter online foreign exchange and currency
VISA ATM Locator location of any ATM that accepts VISA cards