Moroccan dirham
Dirham | |
---|---|
Country: |
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Subdivision: | 100 centimes |
ISO 4217 code : | MAD |
Abbreviation: | Ie, DH |
Exchange rate : (29 Mar 2020) |
1 EUR = 10.963 MAD 1 CHF = 10.188 MAD |
The Moroccan Dirham ( Arabic درهم مغربي, DMG dirham maġribī ; 1 Dh = 100 Centimes, Arabic Sg.سنتيم santīm ) is the currency of Morocco . The ISO 4217 code (currency abbreviation) is MAD .
There are coins with face values of 10 and 20 centimes , ½, 1, 2, 5 and 10 dirhams , and banknotes with 20, 50, 100 and 200 dirhams. In a series from 1987 there were also 10 dirham banknotes.
The Moroccan dirham is not a freely convertible currency. The import and export of dirhams is regulated by law by Morocco's Office des Changes , but is rarely checked by customs and police on entry and exit. The import and export of up to 1,000 MAD is usually tolerated (as of October 2009).
In everyday Moroccan life, arithmetic in rials and francs instead of dirhams is widespread . The franc corresponds to one centime and the rial to 5 centimes.
Individual evidence
- ↑ AVIS AUX VOYAGEURS, NOTICE TO TRAVELERS ( Memento from October 7, 2009 in the Internet Archive ) (Arabic, French, English)
- ↑ Orin Hargraves: Morocco: A Survival Guide to Customs and Etiquette . Marshall Cavendish, 2010. ISBN 9789814435895 . Pp. 127-129