Moroccan Dirham (MAD) TradingHours.com
The Moroccan Dirham is the primary currency of Morocco. This currency is used by an estimated 36,029,138 people. Based on our estimate, Moroccan Dirham is the #36 most popular currency is the world.
The currency code for the Moroccan Dirham is "MAD". The ISO 4217 number for this currency is 504.
Moroccan Dirham conversion rates, useful facts, and holiday schedule can be found below.
MAD Currency Demographics
The primary country using the Moroccan Dirham is Morocco.
There are approximately 36,029,138 people around the world who use the Moroccan Dirham. The Moroccan Dirham is the #36 most used widely currency is the world.
36,029,138 user population
Ranked #36 in the worldMAD Exchange Rates
1 Moroccan Dirham equals:
† Rates last updated at 32 minutes ago
‡ Rates are the interbank rate and are only available on large transactions
MAD Currency Facts
MAD Details
| ISO 4217 Code | MAD |
|---|---|
| ISO 4217 Number | 504 |
| Unit Name | Dirham |
| Symbol | N.a. |
| Currency Nicknames | N.a. |
MAD Denominations
| Minor Unit Name | N.a. |
|---|---|
| Minor Unit Symbol | N.a. |
| Minor Units | 2 |
| Frequently Used banknotes | 20, 50, 100, 200 |
| Rarely Used Banknotes | N.a. |
| Frequently Used Coins | 1, 2, 5, 10, 20, 50 |
| Rarely Used Coins | 5 |
MAD Issuance
| Central Bank | Bank Al-Maghrib |
|---|---|
| Central Bank Website | http://www.bkam.ma |
World Bank Statistics
| Estimated User Population | 36,029,138 people |
|---|---|
| Population Rank | #36 |
| MAD Inflation Rate | 1.91% |
| Inflation Rank | #80 |
† Population and Inflation rate as based on data from the World Bank.
‡ Corrections or suggestions? Please contact us.
2020 MAD Currency Holidays
Based on holidays observed by the Bank Al-Maghrib. On these dates banks and payment systems may be closed. Settlement in Moroccan Dirham may also be closed on these dates.
| Holiday | Date | Status |
|---|---|---|
| New Year's Day | January 1, 2020 | Closed |
| National Holiday | January 11, 2020 | Closed |
| Labour Day | May 1, 2020 | Closed |
| Eid al-Fitr | May 24, 2020 | Closed |
| Eid al-Fitr | May 25, 2020 | Closed |
| Feast of the Throne | July 30, 2020 | Closed |
| Eid al-Adha | July 31, 2020 | Closed |
| Eid al-Adha | August 1, 2020 | Closed |
| Oued Eddahab | August 14, 2020 | Closed |
| Islamic New Year | August 20, 2020 | Closed |
| Revolution of King and People | August 20, 2020 | Closed |
| Youth Day | August 21, 2020 | Closed |
| Prophet's Birthday | October 29, 2020 | Closed |
| Prophet's Birthday | October 30, 2020 | Closed |
| Green March Day | November 6, 2020 | Closed |
| Independence Day | November 18, 2020 | Closed |
MAD Currency History
The Moroccan Dirham was created in January 1977. The table below shows the history of currencies that ultimately became the Moroccan Dirham.
| Currency | Active | Replaced By |
|---|---|---|
| Moroccan franc (MAF) | January 1921 to December 1976 | MAD |