When planning a trip to Morocco, one of the most important things to understand is how to handle money. Whether you are visiting the lively markets of Marrakech or exploring the rich history of Fes, knowing about the currency and how to exchange money will make your travel experience easier. In this guide, we’ll cover everything you need to know about the currency in Morocco, the Moroccan dirham, and how to get the best exchange rates.
What Currency Does Morocco Use?
The official currency of Morocco is the Moroccan dirham (MAD). The dirham is often written as MAD or dh. While Morocco is a popular tourist destination, you can’t buy or sell Moroccan dirham outside Morocco, so plan to exchange your money after arrival. That means you’ll need to exchange your home currency for Moroccan dirham once you arrive in Morocco.
Understanding the Moroccan Dirham
The Moroccan dirham is made up of 100 centimes. Coins come in various denominations such as 1 dirham, 5 dirhams, 10 dirhams, and 20 dirhams. There are also coins for 1, 5, and 10 centimes. Banknotes are available in 20, 50, 100, and 200 dirham denominations.
If you’re asking what currency is used in Morocco, remember it’s only the Moroccan dirham that’s used for regular transactions. Foreign currencies are generally not accepted in most places, so exchanging your money for Moroccan dirham once you arrive is a must.
Where to Get Moroccan Dirham
When you arrive in Morocco, you have several options for exchanging money and getting Moroccan currency:
- Airport Exchange: Most major airports in Morocco, such as Marrakech airport, have exchange counters where you can buy Moroccan dirhams. However, the rates here are usually less favorable than elsewhere.
- Banks: Moroccan banks also exchange foreign currency for Moroccan dirham. Though rates may be better than at the airport, they are still not always the most competitive.
- Currency Exchange Offices: Exchange bureaus are commonly found in cities and tourist areas. These typically offer better rates than at the airport, especially in places like Marrakesh currency exchange shops.
- ATMs: ATMs in Morocco allow you to withdraw Moroccan dirhams using international debit or credit cards. However, it’s wise to check with your bank before your trip to confirm that your card will work in Morocco and inquire about withdrawal fees.
Can You Use Euros in Morocco?
Many tourists ask, “Can you use euros in Morocco?” Although euros are not accepted as the official Moroccan currency, some businesses, particularly those that cater to tourists (like hotels, luxury shops, and some restaurants), may accept euros as payment. However, the exchange rate will probably not be favorable, and it’s usually better to use Moroccan dirhams for purchases. Stick to Moroccan money when shopping or paying for services to avoid any surprises.
The Best Currency to Take to Morocco
The best currency to take to Morocco is euros or US dollars, as they are often exchanged for Moroccan dirhams at a favorable rate. You can exchange euros or US dollars for Moroccan dirhams at banks, currency exchange offices, or ATMs. If you are coming from the UK, you can also exchange GBP (pounds) for Moroccan dirham. Always compare rates before exchanging money to get the best deal.
What is the Best Place to Exchange Money in Marrakech?
If you’re visiting Marrakech, there are many places where you can exchange currency for Moroccan dirham. The best place to exchange money in Marrakech is at the currency exchange offices in Jemaa el-Fna Square, one of the most popular tourist spots in the city. These offices typically provide competitive rates. Avoid exchanging money at the airport or at hotels since they usually offer worse rates. Always compare the current exchange rate for the Moroccan dirham before exchanging any money.
How Much Cash to Bring to Morocco?
A common question travelers ask is, “How much cash to bring to Morocco?” The amount of Moroccan dirhams to bring depends on your travel plans. However, it’s recommended to bring enough cash for your initial expenses, such as transportation, food, and accommodation. Many businesses in Morocco accept credit cards, but small shops, local markets, and rural areas might only take cash. Having Moroccan dirhams on hand is essential to ensure a smooth experience.
What Can You Buy with 100 Moroccan Dirham?
The value of the Moroccan dirham can vary depending on where you are in Morocco. Here’s a general idea of what you can buy with 100 Moroccan dirham:
- A traditional Moroccan meal at a local restaurant.
- A visit to a museum or historical site.
- Souvenirs at the local markets (souks), like spices, rugs, or leather products.
In more touristy areas like Marrakech, prices for goods and services may be higher, so 100 Moroccan dirham might not stretch as far as in smaller towns.
Can You Get Moroccan Dirham in the UK?
If you’re traveling to Morocco from the UK, you may wonder, “Can I get Moroccan dirham in the UK?” Unfortunately, the Moroccan dirham is not widely available in the UK. The best option is to exchange pounds for Moroccan dirhams once you arrive in Morocco. You can do this at the airport, currency exchange offices, or ATMs.
Best Place to Buy Moroccan Dirham
When you’re in Morocco, the best place to buy Moroccan dirham is through currency exchange offices or local banks. These locations generally offer better rates than the airport or hotels. It’s a good idea to shop around and compare exchange rates before making a transaction.
Order Moroccan Dirham Online
If you prefer to have some Moroccan currency before your trip, you can order Moroccan dirhams online. Many currency exchange services allow you to order Moroccan dirhams in advance and have them delivered to your home. However, make sure to compare the rates before ordering to ensure you’re getting the best deal.
Where Can I Buy Moroccan Currency?
You can buy Moroccan currency at various locations such as banks, currency exchange offices, or online services. If you’re already in Morocco, you can get Moroccan dirhams from ATMs, exchange counters, and banks. If you’re coming from abroad, it’s better to exchange your currency for Moroccan dirham once you arrive in Morocco, as it can be difficult to find outside the country.
Conclusion
Understanding the Moroccan currency is crucial for anyone planning to visit Morocco. The Moroccan dirham (MAD) is the only official currency in the country, and foreign currencies are not accepted for regular transactions. You’ll need to exchange your home currency for Moroccan dirham upon arrival. While euros and US dollars may be accepted in some areas, it’s always recommended to use Moroccan dirhams for everyday purchases.
Make sure to shop around for the best exchange rates, and take note of where to get Moroccan dirham at the most competitive rates. By following these simple tips, you’ll be ready to handle your finances smoothly while traveling through Morocco. Whether you’re buying souvenirs in Marrakech or paying for a traditional meal in Fes, understanding currency in Morocco will make your trip even more enjoyable.
Frequently Asked Questions (FAQs)
What currency does Morocco use?
Morocco uses the Moroccan dirham (MAD) as its official currency. It’s abbreviated as MAD or dh.
Can I use euros in Morocco?
While some tourist spots may accept euros, it’s recommended to use Moroccan dirham for most purchases, as it is the official currency in Morocco.
Where can I exchange my currency for Moroccan dirham?
You can exchange your currency for Moroccan dirham at airports, local banks, currency exchange offices, or ATMs. It’s best to compare exchange rates to get the best deal.
How much cash should I bring to Morocco?
It’s recommended to bring enough Moroccan dirham for initial expenses like transportation, meals, and activities. While credit cards are accepted in some places, cash is still required in smaller shops and markets.
Can I get Moroccan dirham in the UK?
Moroccan dirham is not widely available in the UK. It’s best to exchange your currency for Moroccan dirham once you arrive in Morocco at the airport or local exchange offices.
