Historic Moroccan dirham Indian Rupee

Moroccan dirham indian rupee history for February 2024. The highest quote for this month is 8.5443 (13/02/2024) and the lowest 8.5668 (02/02/2024). The difference between high and low is -0.26.

MAD INR average rate for February 2024 is 8.32159, the change between 01/02/2024 and 29/02/2024 is -1.81 %.

01 February 20241 MAD = 8.31 INR
02 February 20241 MAD = 8.29 INR
03 February 20241 MAD = 8.26 INR
04 February 20241 MAD = 8.27 INR
05 February 20241 MAD = 8.50 INR
06 February 20241 MAD = 8.52 INR
07 February 20241 MAD = 8.25 INR
08 February 20241 MAD = 8.25 INR
09 February 20241 MAD = 8.26 INR
12 February 20241 MAD = 8.56 INR
13 February 20241 MAD = 8.27 INR
14 February 20241 MAD = 8.25 INR
15 February 20241 MAD = 8.25 INR
16 February 20241 MAD = 8.26 INR
17 February 20241 MAD = 8.25 INR
18 February 20241 MAD = 8.25 INR
19 February 20241 MAD = 8.52 INR
20 February 20241 MAD = 8.50 INR
21 February 20241 MAD = 8.22 INR
22 February 20241 MAD = 8.23 INR
23 February 20241 MAD = 8.24 INR
24 February 20241 MAD = 8.24 INR
25 February 20241 MAD = 8.24 INR
26 February 20241 MAD = 8.53 INR
27 February 20241 MAD = 8.27 INR
28 February 20241 MAD = 8.25 INR
29 February 20241 MAD = 8.46 INR

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.
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