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XRX
XRX
swap
MAD
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About Moroccan Dirham (MAD)

The Moroccan Dirham (MAD), introduced in 1960, is not just the official currency of Morocco; it symbolizes the nation's deep historical roots and its journey towards economic modernization. It is commonly abbreviated as MAD and represented by the symbol د.م. Replacing the Moroccan Franc, the Dirham marked a new era in Morocco's economic independence following the country's liberation from French and Spanish protectorates.

Historical Background

The introduction of the Moroccan Dirham was a significant milestone in Morocco’s post-colonial era, underscoring the country's move towards establishing a sovereign financial system. This transition was key in manifesting Morocco's new national identity and economic autonomy.

Design and Symbolism

The design of the Moroccan Dirham is a tribute to the country's rich cultural and historical heritage. Banknotes and coins are adorned with images of the late King Mohammed V, modern architectural marvels, and traditional motifs that reflect Morocco's artistic legacy. These designs not only serve as a medium of financial transaction but also tell the story of Morocco's past and present.

Economic Role

The Dirham is central to Morocco’s mixed economy, which is bolstered by sectors like agriculture, mining, manufacturing, and tourism. As the primary medium of exchange, it underpins domestic and international trade, facilitating economic activities that drive growth and development.

Monetary Policy and Stability

Managed by Bank Al-Maghrib, Morocco's central bank, the Dirham has been relatively stable, benefiting from prudent fiscal and monetary policies. The bank's strategies aim to maintain currency stability and inflation control, crucial for economic growth and investor confidence.

International Trade and the Moroccan Dirham

The Dirham plays a significant role in international trade, particularly in the context of Morocco's key exports like phosphates, agricultural products, and textiles. A stable Dirham is vital for maintaining competitive export prices and fostering a favorable trade balance.

Remittances and Economic Impact

Remittances from Moroccans living abroad, particularly in Europe, are an important source of foreign currency. These inflows, exchanged into Dirhams, significantly contribute to the national economy and support the currency's stability.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
د.م.0.0001426
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$118.18160459
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0 XRX

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0.5 XRX
د.م.0.{4}7132
1 XRX
د.م.0.0001426
5 XRX
د.م.0.0007132
10 XRX
د.م.0.001426
50 XRX
د.م.0.007132
100 XRX
د.م.0.01426
500 XRX
د.م.0.07132
1000 XRX
د.م.0.1426

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0.5MAD3,505.2  XRX
1MAD7,010.39  XRX
5MAD35,051.96  XRX
10MAD70,103.92  XRX
50MAD350,519.6  XRX
100MAD701,039.2  XRX
500MAD3,505,196  XRX
1000MAD7,010,392.01  XRX

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0.5 XRX$0.{5}7256$0.{5}7269
-0.18%
1 XRX$0.{4}1451$0.{4}1454
-0.18%
5 XRX$0.{4}7256$0.{4}7269
-0.18%
10 XRX$0.0001451$0.0001454
-0.18%
50 XRX$0.0007256$0.0007269
-0.18%
100 XRX$0.001451$0.001454
-0.18%
500 XRX$0.007256$0.007269
-0.18%
1000 XRX$0.01451$0.01454
-0.18%

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0.5 XRX$0.{5}7256$0.{5}7446
-2.54%
1 XRX$0.{4}1451$0.{4}1489
-2.54%
5 XRX$0.{4}7256$0.{4}7446
-2.54%
10 XRX$0.0001451$0.0001489
-2.54%
50 XRX$0.0007256$0.0007446
-2.54%
100 XRX$0.001451$0.001489
-2.54%
500 XRX$0.007256$0.007446
-2.54%
1000 XRX$0.01451$0.01489
-2.54%

calculator.detail.price_year

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0.5 XRX$0.{5}7256$0.{4}1373
-47.16%
1 XRX$0.{4}1451$0.{4}2747
-47.16%
5 XRX$0.{4}7256$0.0001373
-47.16%
10 XRX$0.0001451$0.0002747
-47.16%
50 XRX$0.0007256$0.001373
-47.16%
100 XRX$0.001451$0.002747
-47.16%
500 XRX$0.007256$0.01373
-47.16%
1000 XRX$0.01451$0.02747
-47.16%

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