Currency Information on Moroccan Dirham - MAD— Moroccan dirham - د.م
Before 1882, Morocco used falus, dirham and benduqi; these were copper, silver and gold, respectively.
The Moroccan franc was introduced when Morocco was declared a French protectorate in 1912. In 1974, the dirham and santime replaced the franc.
Coins in denominations of 1, 5, 10 & 20 santimat, ½, 1, 2, 5 & 10 dirhams are available, though the 5 santimat coins are rarely used. Banknotes are available in denominations of 20, 50, 100 & 200 dirhams.
We are an international business and work with companies around the world, especially California in the US and Australia. Our providers are based in different countries so we need to be constantly up to date about the current foreign exchange rates. Otherwise, we would be wasting money during the currency transfer process and obviously this is not what a business wants.
Comment written by Victoria Brown Wine Industry.
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