Morocco Currency & Money

Everything you need to know about money in Morocco:

Currency:

• Official currency: Moroccan Dirham (MAD or DH)
1. Cannot be purchased or exported (illegal to take dirhams out)
2. Coins: 1, 2, 5, 10 dirhams
3. Bills: 20, 50, 100, 200 dirhams

Exchange Rates (approximate):

• 1 USD ≈ 10 MAD
1. 1 EUR ≈ 11 MAD
2. 1 GBP ≈ 13 MAD

(Rates fluctuate daily)

Where to Exchange Money:

1. Airport:

• Convenient but usually lower rates • Good for initial cash needs • Available 24/7

1. Banks:

• Best exchange rates • Open Mon-Fri, usually 8:30am-4:30pm • May require passport

1. Exchange Offices (Bureau de Change):

• Found in tourist areas • Reasonable rates • Longer hours than banks

1. Hotels:

• Convenient but worst rates • Only for emergencies

1. ATMs:

• Best option for most travelers • Widely available in cities • Check with your bank about foreign transaction fees

Payment Methods:

Credit/Debit Cards:

• Widely accepted in hotels, restaurants, and shops in cities
1. Visa and Mastercard most common
2. Inform your bank of travel plans
3. May have 3-5% foreign transaction fees

Cash:

• Essential for souks, street food, small shops
1. Needed in rural areas
2. Keep mix of small and large bills
3. Never fully rely on cards

Tips for Money:

• Don't exchange all money at once
1. Keep small bills for tips and small purchases
2. ATMs often have daily withdrawal limits
3. Count your money when receiving change
4. Many places don't accept torn or very worn bills

How Much Cash to Carry:

• Day in city: 200-500 MAD
1. Day trip: 300-700 MAD
2. Emergency fund: 1000+ MAD

Safety:

• Use hotel safe for large amounts
1. Carry money in multiple locations
2. Use ATMs during day in busy areas
3. Be discreet when accessing money