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.
1.00 Moroccan Dirham = 0.10 US Dollar
Exchange rate history 10 MAD in USD
Moroccan Dirham as currency
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
All information without guarantee.