MAD · د.م.
Moroccan Dirham (MAD)
The Moroccan Dirham (MAD) is the official currency of Morocco, issued by Bank Al-Maghrib. It is a stable currency with a managed float regime.
Convert this currency
Converted amount
0.1076 USD
Exchange rate
1 MAD = 0.107609 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
MAD · Moroccan Dirham
Moroccan Dirham (MAD) Overview
The Moroccan Dirham (MAD) has been the official currency of Morocco since 1960, replacing the Moroccan franc. It is issued and regulated by the central bank, Bank Al-Maghrib. The currency is subdivided into 100 centimes, although centime coins are rarely used in everyday transactions.
The exchange rate of the Moroccan Dirham is determined by a managed float system, where the central bank intervenes to maintain stability against a basket of currencies, primarily the euro and the US dollar. This policy aims to support the country's economic competitiveness and control inflation.
As a key component of Morocco's economy, the Dirham is widely used in trade and tourism. The currency is not freely convertible, and restrictions apply to its import and export. For travelers, it is advisable to exchange money at official banks or authorized exchange offices to get the best rates.
- Code
- MAD
- Symbol
- د.م.
- Current rate
- USD / MAD
Currency information
Last updated · 8/7/2026
The Moroccan dirham was introduced in 1960, replacing the Moroccan franc.
- Official name
- Moroccan Dirham
- Legal tender status
- Legal tender in Morocco
- Decimal places
- 2
- Minor unit
- centime · 1 MAD = 100 centime
- Countries
- Morocco
- Issuing authority
- Bank Al-Maghrib
- Central bank
- Bank Al-Maghrib · Official website
- Exchange-rate regime
- Managed float
Common banknotes
20 dirhams · 50 dirhams · 100 dirhams · 200 dirhams
Common coins
1 dirham · 2 dirhams · 5 dirhams · 10 dirhams · 20 centimes · 50 centimes · 1 dirham · 2 dirhams · 5 dirhams · 10 dirhams
Also known as
DH · MAD · Moroccan dirham · د.م. · Dirham marocain
Practical notes
- The dirham is divided into 100 centimes.
- Banknotes are issued in denominations of 20, 50, 100, and 200 dirhams.
- Coins are issued in denominations of 1, 2, 5, and 10 dirhams, and 20 and 50 centimes.
Priority currency pairs
The most useful conversions for this currency.
Moroccan Dirham questions
What is the MAD exchange rate?
The displayed rate is the latest available reference rate for USD/MAD. It can change throughout the day.
How can I convert MAD online?
Use the converter above to calculate indicative amounts between MAD and the other supported currencies.