Currency and Means of Payment

Currency and Means of Payment

Official Currency:
– Unit: The Moroccan dirham (abbreviated as MAD or DH).
– Banknotes: Available in denominations of 20, 50, 100, and 200 DH.
– Coins: Denominations include 0.50, 1, 2, 5, and 10 DH, as well as 1, 5, 10, and 20 centimes.
Currency Exchange:
– Where to Exchange: Currency can be exchanged at airports, select hotels, banks, and exchange offices located in tourist squares across Moroccan cities.
– Documentation: A passport is typically required for currency exchange transactions.
Payment Methods:
– Cash: While many establishments accept credit cards, some places, especially those that don’t offer card payment options, prefer payment in dirhams.
– Credit Cards: Major international cards like Visa and MasterCard are widely accepted in hotels, certain restaurants, shops, and petrol stations. When using a credit card, the applied exchange rate is the prevailing rate. The commission, usually around 1%, varies based on the issuing institution.
– ATMs: ATMs are conveniently located throughout Morocco. Consult with your bank to identify compatible ATMs for your card.
The value of the exchange rate in real time:
1 USD = 9.83 MAD
1 Euro = 10.65 MAD