Check out the new TradingHours Dashboard to see your countdowns on one screen! Go to Dashboard »

Moroccan Dirham (MAD)

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


Inverse: 6.47


Inverse: 11.18
British Pound


Inverse: 12.75
Indian Rupee


Inverse: 0.13
Japanese Yen


Inverse: 0.094
US Dollar


Inverse: 10.23

† Rates last updated at 54 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
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 Website

World Bank Statistics

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

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