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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 world

MAD Exchange Rates

1 Moroccan Dirham equals:

Australian Dollar

$0.15

Inverse: 6.60
Euro

€0.094

Inverse: 10.67
British Pound

£0.079

Inverse: 12.68
Indian Rupee

₹7.39

Inverse: 0.14
Japanese Yen

¥11.25

Inverse: 0.089
US Dollar

$0.10

Inverse: 9.65

† Rates last updated at 21 minutes ago

‡ Rates are the interbank rate and are only available on large transactions

MAD Currency Facts

MAD Details

ISO 4217 CodeMAD
ISO 4217 Number504
Unit NameDirham
SymbolN.a.
Currency NicknamesN.a.

MAD Denominations

Minor Unit NameN.a.
Minor Unit Symbol N.a.
Minor Units2
Frequently Used banknotes20, 50, 100, 200
Rarely Used BanknotesN.a.
Frequently Used Coins1, 2, 5, 10, 20, 50
Rarely Used Coins5

MAD Issuance

Central BankBank Al-Maghrib
Central Bank Websitehttp://www.bkam.ma

World Bank Statistics

Estimated User Population36,029,138 people
Population Rank#36
MAD Inflation Rate1.91%
Inflation Rank#82

† Population and Inflation rate as based on data from the World Bank.

‡ Corrections or suggestions? Please contact us.

2019 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.

HolidayDateStatus
New Year's Day January 1, 2019 Closed
National Holiday January 11, 2019 Closed
Labour Day May 1, 2019 Closed
Eid al-Fitr June 5, 2019 Closed
Eid al-Fitr June 6, 2019 Closed
Eid al-Fitr June 7, 2019 Closed
Feast of the Throne July 30, 2019 Closed
Eid al-Adha August 12, 2019 Closed
Eid al-Adha August 13, 2019 Closed
Oued Eddahab August 14, 2019 Closed
Revolution of King and People August 20, 2019 Closed
Youth Day August 21, 2019 Closed
Islamic New Year September 1, 2019 Closed
Green March Day November 6, 2019 Closed
Prophet's Birthday November 10, 2019 Closed
Prophet's Birthday November 11, 2019 Closed
Independence Day November 18, 2019 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

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