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VBG
VBG
swap
MAD
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calculator.fiat.title

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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calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
د.م.3.49
0.0200% / 0.0320%vip-iconcalculator.compare.vip
coin.update_time(UTC+0)

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$0
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$2.07K
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0 VBG

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coin.current_to_local

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0.5 VBG
د.م.1.78
1 VBG
د.م.3.56
5 VBG
د.م.17.79
10 VBG
د.م.35.57
50 VBG
د.م.177.86
100 VBG
د.م.355.72
500 VBG
د.م.1,778.61
1000 VBG
د.م.3,557.21

coin.current_to_local

coin.amountcalculator.detail.time_
0.5MAD0.1406  VBG
1MAD0.2811  VBG
5MAD1.41  VBG
10MAD2.81  VBG
50MAD14.06  VBG
100MAD28.11  VBG
500MAD140.56  VBG
1000MAD281.12  VBG

calculator.detail.price_24

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0.5 VBG$0.1810$0.1769
+2.26%
1 VBG$0.3619$0.3539
+2.26%
5 VBG$1.81$1.77
+2.26%
10 VBG$3.62$3.54
+2.26%
50 VBG$18.1$17.69
+2.26%
100 VBG$36.19$35.39
+2.26%
500 VBG$180.95$176.94
+2.26%
1000 VBG$361.9$353.89
+2.26%

calculator.detail.price_month

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0.5 VBG$0.1810$0.1845
-1.92%
1 VBG$0.3619$0.3690
-1.92%
5 VBG$1.81$1.85
-1.92%
10 VBG$3.62$3.69
-1.92%
50 VBG$18.1$18.45
-1.92%
100 VBG$36.19$36.9
-1.92%
500 VBG$180.95$184.5
-1.92%
1000 VBG$361.9$369
-1.92%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 VBG$0.1810$0.1335
+35.37%
1 VBG$0.3619$0.2671
+35.37%
5 VBG$1.81$1.34
+35.37%
10 VBG$3.62$2.67
+35.37%
50 VBG$18.1$13.35
+35.37%
100 VBG$36.19$26.71
+35.37%
500 VBG$180.95$133.54
+35.37%
1000 VBG$361.9$267.08
+35.37%

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