Moroccan Dirham
(MAD) Insights
Currency of North Africa's 2nd largest economy; phosphate and automobile exporter; significant EU trade ties; growing renewable energy hub; Morocco as Africa gateway for European business; tourism-dependent FX
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Currency Snapshot
Technical specifications, central bank governance, and market standing for Moroccan Dirham.
MAD
Standardized ISO 4217 Currency Code
MAD
Unicode Glyphs & Display Symbol
1/100 = Centime Decimals
Subdivision unit definition
Morocco
Bank Al-Maghrib
Bank Al-Maghrib
Managed float vs EUR/USD basket (60% EUR, 40% USD weighting)
Market-determined exchange rate mechanism
Currency Standard: Fiat (managed float against EUR/USD basket)
Classified as Fiat (managed float against EUR/USD basket) in global trade networks
Banknotes
MAD 20
Coins
MAD ½
Global Network Integration
The FX Intelligence terminal maps the institutional footprint of the Moroccan Dirham, highlighting cross-border utilization and primary trading corridors.
Verified Authority
Regulated data streams mapped to Bank Al-Maghrib.
MAD Market Insights
Deep-dive analysis of the Moroccan Dirham's global impact, remittance role, and institutional influence.
Strong Currency Impact
Cheaper imports; lower phosphate/auto export revenues; lower inflation
Weak Currency Impact
Higher export revenues; European tourism more attractive; import inflation
Remittance Role
Morocco is North Africa's largest remittance recipient (~$11 billion/year); major sources France, Spain, Italy, Belgium, Netherlands, Germany (Moroccan diaspora)
Central Bank Tools
Key Rate, Reserve Requirements, FX interventions within band, IMF PLL
Common Questions About Moroccan Dirham
Everything you need to know about MAD exchange rates, banknotes, and historical significance.