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MAD flagMoroccan 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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MADMoroccan Dirham

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Currency Snapshot

Technical specifications, central bank governance, and market standing for Moroccan Dirham.

ISO Code

MAD

Standardized ISO 4217 Currency Code

Symbol

MAD

Unicode Glyphs & Display Symbol

Minor Unit

1/100 = Centime Decimals

Subdivision unit definition

Region

Morocco

MAD Primary AreaGlobal Trade
Central Bank

Bank Al-Maghrib

Bank Al-Maghrib

Pegged Currency

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.

Fiat (managed float against EUR/USD basket)
Classification
EUR/MAD
Top Pair Mapping
Morocco
Main Adoption Regions
Moroccan Dirham Trading Terminal

Verified Authority

Regulated data streams mapped to Bank Al-Maghrib.

Economic Intelligence

MAD Market Insights

Deep-dive analysis of the Moroccan Dirham's global impact, remittance role, and institutional influence.

Strong Currency Impact

Strong Currency Impact

Cheaper imports; lower phosphate/auto export revenues; lower inflation

Weak Currency Impact

Weak Currency Impact

Higher export revenues; European tourism more attractive; import inflation

Remittance Role

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

Central Bank Tools

Key Rate, Reserve Requirements, FX interventions within band, IMF PLL

Support & Resources

Common Questions About Moroccan Dirham

Everything you need to know about MAD exchange rates, banknotes, and historical significance.

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