What is the currency of Morocco now?
About Morocco`s Currency: Moroccan Dirhams
This article explores the history and cultural significance of the Moroccan dirham. A Currency Rooted in History and Culture
Morocco’s currency, the Moroccan dirham (MAD), is a tangible symbol of the country’s rich history and diverse culture. The dirham’s intricate designs and historical significance reflect Morocco’s unique identity.
The Origine of Morocco`s Currency.
The currency originated in the early 20th century during the French protectorate. Did you know that the Moroccan dirham is widely recognized for its intricate and beautiful design? In 1960, Morocco gained independence from France and introduced the dirham to replace the franc as its primary currency! The dirham was initially pegged to the French franc and later to a basket of currencies dominated by the euro and the US dollar.
Moroccan Dirhams Design.
The design of the Moroccan dirham is one of its most striking features. The banknotes are absolutely amazing! They feature stunning images that reflect Morocco’s rich cultural heritage, including landmarks, historical figures, and traditional motifs. Each banknote tells a fascinating story of Morocco’s past and present, from the majestic Atlas Mountains to the bustling markets of Marrakech. It’s truly a testament to the country’s vibrant history and culture.
The dirham, which is issued and regulated by Bank Al-Maghrib, Morocco’s central bank, is a symbol of stability and integrity that the country can be proud of. You can find banknotes in 20, 50, 100, and 200 dirhams, each with unique designs and colours. Additionally, coins are available in 1, 2, 5, and 10 dirhams, as well as smaller denominations called santimat.
Wow, you’re in luck! Morocco’s currency is the dirham, which comes in a variety of denominations. The dirham is widely accepted throughout Morocco for all your daily transactions! Whether you’re exploring the vibrant souks of Fes or indulging in the mouth-watering traditional Moroccan cuisine in Casablanca, you’ll find that the dirham is the preferred currency for both locals and tourists alike. While major credit cards are accepted in larger establishments, cash is still widely used in smaller shops and markets.
The Value of Moroccan Dirhams for Travellers
Understanding the value of the Moroccan dirham is absolutely essential for travellers visiting the country! Exchange rates can fluctuate, so it is highly advisable to check the current rates before exchanging currency. Luckily, banks, exchange offices, and ATMs are readily available in major cities and tourist destinations, making it incredibly convenient for travellers to access local currency.
The Moroccan dirham offers tourists a fascinating glimpse into the country’s rich cultural tapestry. From haggling in the medinas to sipping mint tea in a riad courtyard, the dirham embodies the essence of this enchanting North African nation.
Its intricate designs and cultural resonance make it a reflection of Morocco’s past, present, and future. The Moroccan dirham is an incredible currency that not only represents the country’s rich history and culture but also serves as a gateway to experiencing the vibrant traditions of Morocco. With the dirham in your pocket and with Moroccan Berbers Roaming agency, you’ll be able to fully immerse yourself in the beauty and wonder of Morocco! Whether you’re exploring ancient ruins, wandering through labyrinthine souks, or simply soaking in the sights and sounds of Morocco, the dirham serves as a constant reminder of the country’s enduring charm and allure.
