Moroccan Dirham (MAD) = 100 centimes. Notes are in denominations of MAD200, 100, 50, 20 and 10. Coins are in denominations of MAD10, 5 and 1, and 50, 20, 10 and 5 centimes. Moroccan Dirhams can only be obtained in Morocco. National currencies should be exchanged at official bureaux de change only (identified by a golden sign); changing money in the street is illegal. There is no commission charge and visitors will be issued with a receipt which they must keep in order to exchange Moroccan currency back into the original national currency upon departure. Money can be withdrawn in banks with a credit card and a cheque book in some larger towns. Some credit cards are accepted. Cash can be withdrawn from ATMs in some larger towns. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Pounds Sterling or US Dollars. The import and export of local currency is prohibited; all local currency must be reconverted prior to departure. The import and export of foreign currency is unlimited but must be declared if in excess of the equivalent of MAD15,000. Upon production of bank vouchers, half the Moroccan currency purchased during a visitor’s stay may be re-exchanged for foreign currency (subject to some limitations) and all of it if the stay is less than 48 hours. Mon-Thurs 0815-1215 and 1415-1715; Fri 0815-1115 and 1430-1730; Sat 0900-1300. | Date | Jul 06 | | £1.00= | MAD16.02 | | $1.00= | MAD8.81 |
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