Saudi riyal moroccan dirham exchange rate history (SAR MAD) September 2023

Saudi riyal moroccan dirham history for September 2023. The highest quote for this month is 2.7522 (30/09/2023) and the lowest 2.7321 (30/09/2023). The difference between high and low is 0.73.

SAR MAD average rate for September 2023 is 2.70337, the change between 01/09/2023 and 30/09/2023 is -4.56 %.

01 September 2023	1 SAR = 2.624 MAD
04 September 2023	1 SAR = 2.691 MAD
05 September 2023	1 SAR = 2.634 MAD
06 September 2023	1 SAR = 2.635 MAD
07 September 2023	1 SAR = 2.720 MAD
08 September 2023	1 SAR = 2.712 MAD
11 September 2023	1 SAR = 2.632 MAD
12 September 2023	1 SAR = 2.633 MAD
13 September 2023	1 SAR = 2.707 MAD
14 September 2023	1 SAR = 2.707 MAD
15 September 2023	1 SAR = 2.738 MAD
18 September 2023	1 SAR = 2.650 MAD
19 September 2023	1 SAR = 2.741 MAD
20 September 2023	1 SAR = 2.739 MAD
21 September 2023	1 SAR = 2.741 MAD
22 September 2023	1 SAR = 2.744 MAD
23 September 2023	1 SAR = 2.737 MAD
25 September 2023	1 SAR = 2.659 MAD
26 September 2023	1 SAR = 2.742 MAD
27 September 2023	1 SAR = 2.742 MAD
28 September 2023	1 SAR = 2.755 MAD
29 September 2023	1 SAR = 2.754 MAD
30 September 2023	1 SAR = 2.744 MAD

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

02/06/2014: Introduction of the fourth dirham

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

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

01/05/1999: Introduction of the third dirham

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

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Saudi riyal Moroccan dirham