Currencies

Countries that use the Moroccan Dirham

The Moroccan Dirham is an official national currency and used only in Western Sahara and in Morocco. 1 Dirham is devided into 100 Centimes.

ISO 4127:
MAD
Numeric:
504
1.00 Moroccan Dirham = 0.10 US Dollar
(date: 08/15/2018)



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Exchange rate history 10 MAD in USD



Moroccan Dirham as currency

CountryRegion
Western SaharaNorthern Africa
MoroccoNorthern Africa




Currency reserves for the Moroccan Dirham

According to the International Monetary Fund, the total broad money (M3) amounted to MAD 1,272.10 billion at the end of 2017 (data only for Morocco). For currency hedging, reserves were held in a total amount of 260.38 billion Dirhams. This corresponds to a ratio of 1:4.9. Or in other words: 1 of 5 Dirhams is deposited with a countervalue, which is internationally already above average.

Approximately 8.4 billion Dirhams (3.2%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

Worldwide currency and gold reserves

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean