Current time:

New York May 23, 8:17 pm
London May 24, 1:17 am
Hong Kong May 24, 8:17 am
Sydney May 24, 10:17 am

🇲🇦 Moroccan Dirham (MAD)

MAD Currency Demographics

The primary country using the Moroccan Dirham is Morocco.

The currency code for the Moroccan Dirham is "MAD". The ISO 4217 number for this currency is 504.

There are approximately 37,457,971 people around the world who use the Moroccan Dirham. The Moroccan Dirham is the #37 most used widely currency is the world.

37,457,971 user population
Ranked #37 in the world

MAD Exchange Rates

1 Moroccan Dirham equals:

Australian Dollar


Inverse: 6.57


Inverse: 10.73
British Pound


Inverse: 12.61
Indian Rupee


Inverse: 0.12
Japanese Yen


Inverse: 0.063
US Dollar


Inverse: 9.92

† Rates last updated at 7 hours 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 Population37,457,971 people
Population Rank#37
MAD Inflation Rate6.66%
Inflation Rank#84

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

‡ Corrections or suggestions? Please contact us.

2024 MAD Currency Holidays

No holidays available

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