What Currency is Used in Morocco?
When planning your trip, it’s essential to know what currency is used in Morocco. The official currency is the Moroccan dirham (MAD), which divides into 100 centimes. Understanding the currency helps you manage your expenses while enjoying all that Morocco has to offer.
Currency Details
- Symbol: The Moroccan dirham typically appears with the symbol “د.م.”
- Banknotes: You can find dirhams in denominations of 20, 50, 100, and 200 MAD.
- Coins: Common coins include 1, 5, 10, 20, and 50 centimes, as well as 1, 2, 5, and 10 dirhams.
Currency Exchange Options
You can easily exchange money in Morocco through several options:
- Banks: Major banks offer competitive rates for currency exchange. Check the current exchange rate using reliable sources like XE Currency Converter.
- Currency Exchange Offices: You will find these in major cities and tourist areas, providing convenient access to cash.
- ATMs: ATMs are widely available in cities, dispensing dirhams. Look for machines that accept international cards, and notify your bank of your travel plans to avoid any issues.
For more information on managing your finances while traveling, check out our post on Travel Budgeting Tips for Morocco.
Tips for Using Currency in Morocco
- Credit and Debit Cards: Use major credit cards at larger hotels, restaurants, and shops. However, carry cash for small purchases, especially in markets (souks) and rural areas.
- Bargaining: Haggle in markets; it’s common and expected, so feel free to negotiate prices.
- Keep Small Change: Having small denominations handy helps for tips and small transactions.
Conclusion
Knowing what currency is used in Morocco is crucial for a smooth travel experience. The Moroccan dirham remains widely accepted, and you have plenty of options for exchanging money. By understanding the currency and how to use it, you can focus on enjoying your Moroccan adventure!
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