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LOCAL CURRENCY IN MOROCCO

Want to know the local currency in Morocco? The local currency in Morocco is called Dirham.

The Moroccan Dirham is issued and managed by the Bank Al-Maghrib. To find out the current currency exchange rates for Dirham to other major currencies of the world, click on foreign currency rates.

Moroccan Currency Information
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The currency used in Morocco is called as the Dirham. This currency is denoted with the currency sign ?.?. and the ISO 4217 Code for the Moroccan Dirham is MAD. The Dirham, is the official currency of the Morocco . It is divided into 100 smaller units called santim.

The constitution of Morocco provides that the Morocco government shall have the power to print the Moroccan Dirham and santim coins to be used as a legal tender in Morocco. The Moroccan Dirham bank notes and Santim coins are both designated as "legal tender" in payment of debts.

The Moroccan Dirham bill uses the decimal system, consisting of 100 equal units.

The symbol ?.?., usually written before the numerical amount, is used for the Moroccan Dirham.

Currently printed bank notes denominations are 20, 50, 100 & 200 dirham and the coins are minted in the denominations of 10 & 20 santimat, ½, 1, 2, 5 & 10 dirham 5 santimat.

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How Does Balance of Trade and Investment Affect the Value of the Moroccan Dirham
Financial analysts regularly cite the balance of trade and investment in Morocco as the most important influence on the value of the Dirham. The difference between what the Morocco exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Dirham exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Dirham exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Moroccan Dirham.
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