The official currency of Morocco is the Moroccan Dirham, denoted as MAD or Dhs. The Moroccan Dirham is composed of 100 centimes; notes are available in denominations of (Dhs) 200, 100, 50, 25, and 20, all in new and old varieties and coins are available in denominations of (Dhs) 10, 5, 2 and 1, or 50, 20, 10 and 5 centimes. There are several types of 10 and 5 Dirham coins in circulation.
Currency exchange?
The importation and exportation of Moroccan currency is strictly forbidden. However there is no limit on the importation of foreign currency. On presentation of your exchange permit, you can exchange the international currency of your choice for dirhams.
Where can you change money?
There are bureaux de change in airports, certain hotels and most banks. Some counters require your passport for the transaction. Remember to change the dirhams you have left before leaving. Travelers should be advised to keep the receipts of currency exchange, as these will be required for the conversion of Dirham back to foreign currency prior to departure and before you go through passport control. You can change as many Dirhams as you have left.
At Marrakech airport, the exchange rate is very similar to that in the town centre, so there is not much loss in waiting to the last minute to change your remaining Dirhams.
At Casablanca airport, the exchange rate applied by the companies working out of the luggage belt area is way more favorable than the one applied in the luggage belts area. Advantage of credit/charge cards Find out from your bank where you can withdraw cash with your credit/charge card. Banking establishments in large Moroccan cities are often equipped with ATMs. Exchange money as you need it. The vast majority of purchases or services are paid for in cash, after the usual negotiation…