Morocco Currency Explained: Dirham, Exchange & Cash Tips for 2026
The Moroccan dirham (MAD) is the official currency of Morocco and essential for any traveler. It is a semi-floating currency, pegged to the euro and US dollar, with exchange rates set daily by Bank Al-Maghrib. This guide covers how to exchange money, use ATMs, and manage cash during your trip.
What Is the Moroccan Dirham?
The Moroccan dirham (code: MAD, symbol: DH) is subdivided into 100 centimes (or santimat). Banknotes come in denominations of 20, 50, 100, and 200 dirhams, while coins are available in ½, 1, 2, 5, and 10 dirhams, plus 10, 20, and 50 centimes. The dirham is issued by Bank Al-Maghrib and is not traded internationally, meaning you cannot obtain it outside Morocco except through authorized exchange offices.
Exchange Rates and Where to Change Money
The dirham’s exchange rate is set daily by Bank Al-Maghrib based on a currency basket. 1 USD typically hovers around 10.2 MAD and 1 EUR around 11.1 MAD, but rates fluctuate. You can exchange money at banks, exchange bureaux (bureaux de change), hotels, and the airport.
Banks and exchange bureaux offer the best rates; avoid street changers who offer inflated rates and may give counterfeit notes. Hotels and airport kiosks typically have less favorable rates but are convenient.
Using ATMs in Morocco
ATMs are widely available in cities and tourist areas. Most accept Visa, Mastercard, and Maestro. Withdrawals in dirhams are subject to a daily limit (usually 2,000–4,000 MAD) and may incur a fee from your home bank and a local ATM fee (around 20–30 MAD).
Always choose to be charged in the local currency (MAD) to avoid dynamic currency conversion fees. Notify your bank before traveling to avoid card blocks.
Cash Tips for Travelers
Morocco is a cash-based economy, especially in souks, small shops, and rural areas. Always carry small bills (20, 50, 100 MAD) for tips, taxis, and market purchases. Tipping is customary: 5–10 MAD for porters, 10–20 MAD for restaurant service (if no service charge included), and 2–5 MAD for restroom attendants.
Bargaining is expected in souks; start at 30–50% of the asking price and pay in cash. For a complete overview, see our guide to tipping in Morocco.
Currency Restrictions
There are no restrictions on bringing foreign currency into Morocco, but you must declare amounts over 100,000 MAD (or equivalent) on arrival. Exporting dirhams is limited to 2,000 MAD per person; any leftover dirhams can be reconverted to foreign currency at the airport (up to 50% of the amount exchanged, with a receipt). Keep exchange receipts to reconvert unused dirhams.
Credit and Debit Cards
Major hotels, upscale restaurants, and larger stores in cities accept credit cards (Visa and Mastercard are most common; American Express is less accepted). However, many smaller establishments and markets are cash-only.
Always have enough cash for daily expenses. Contactless payments are growing but not universal.
FAQ
Can I use euros or US dollars in Morocco?
Some hotels and tourist shops may accept euros or dollars, but at poor exchange rates. It’s best to use dirhams for all transactions. Exchange your money upon arrival.
Is it better to exchange money before traveling to Morocco?
No, because the dirham is not available outside Morocco. Exchange your currency at banks or exchange bureaux in Morocco for the best rates. Avoid exchanging at the airport unless necessary.
What is the best way to carry money in Morocco?
Carry a mix of cash (in small denominations) and a debit/credit card. Use ATMs for withdrawals and keep your cash in a money belt or secure pouch. Avoid carrying large sums visibly.
Are there any restrictions on taking dirhams out of Morocco?
Yes, you can export a maximum of 2,000 MAD per person. Any excess must be declared and may be confiscated. Reconversion of leftover dirhams is possible at the airport with exchange receipts.
Do I need to tip in Morocco?
Tipping is appreciated but not mandatory. In restaurants, if a service charge is not included, tip 10%. For guides and drivers, 50–100 MAD per day is standard. Small tips for restroom attendants (2–5 MAD) are expected.
Conclusion
Understanding the Moroccan dirham and cash practices will make your trip smoother. Bring foreign currency to exchange, use ATMs for convenience, and always have cash on hand.
Keep receipts to reconvert leftover dirhams, and enjoy your visit to Morocco. For official travel information, visit visitmarrakech.com.
