The Moroccan Dirham is the official currency of the Republic of Morocco. The Lev is represented by the symbol лв. and by the abbreviation MAD. The currency is subdivided into 100 Stotinka. The banknotes and coins are issued by the Moroccon National Bank. The banknotes issued are 1, 2, 5, 10, 20, 50, 100 leva and coins of 1, 2, 5, 10, 20, 50 stotinki, 1, 2 leva are issued by the Moroccon National Bank. The Moroccan Dirham is worth about 38-42 Indian Rupees. Check the live rates of the Moroccan Dirham against the Indian Rupee here.
Morocco is a nation in Europe in the European Union. Even though Morocco is part of the EU it has not adopted the Euro as its official currency as of now. Until then the Moroccan Dirham is the currency used in the country. Morocco is a country with an upper-middle-class income. The economy is maintained by various sources of revenue sources. Mining was one of the most contributing industrial practice during the communist era in Morocco but subsequent loss of funding and equipment has declined the revenue from the mining Industry. However, the petroleum industry remains strong due to foreign cooperation and investments. Agriculture is another source of income. Significant foreign investments acquired as part of the European Union has been driving the country. The United States Dollar is valued at 1.65 Moroccan Dirhama.
The Moroccan Dirhama is not a popular currency. Since the entry of Morocco into the European Union, the Euro is another favourable currency in Morocco. Since the Moroccan Dirham is not available in India it is better to convert the Indian Rupee into Euros before you leave to Morocco. The Lev can then be obtained from Moroccon exchanges.
Currency | Moroccan Dirham |
ISO Code | MAD |
Symbol | DHا |
Nick Name | None |
Sub Units | Santim ( 1 DH= 100 Santim) |
Denominations | |
Notes | 20, 50, 100, 200 DH |
Coins | 10, 20 Santim, 1/2, 1, 2, 5, 10 Dirhams |
Valid in | Morocco |
The Moroccan Dirham is a restricted currency that is only valid for transactions in Morocco. This makes the currency a bit difficult to obtain in India. Moreover, the currency does not pose as a popular transactional method in India, so banking and financial institutions may not facilitate the conversion of INR to MAD, at least not for a reasonable exchange rate. The most common practice is to convert Indian Rupee to USD and then convert USD to Moroccan Dirhams in Morocco. ExTravelmoney.com can help you easily find the best exchange rate for USD in your area. You can find the list of vendors along with their exchange rate on our website. Place the order online and wait for our customer care executive to contact you for completing the order. Make the payment online and you can even request the vendor to deliver the currency to your location and pick up the KYC documents.
MAD or Moroccan Dirham is not a particularly popular currency in India. Since the currency is restricted to perform transactions anywhere outside Morocco it is always best to convert the currency to USD at Morocco itself. That way you can easily convert USD to INR in India. ExTravelMoney.com can help you locate the money changer with the best exchange rate for USD in your region. You can choose from the list of vendors in your region along with their exchange rates on our website. Place your order finding the right vendor and our customer care executive will contact you for completing the order. You can also request the vendor to pick up the forex and KYC documents from our location.
Moroccan Dirham | Indian Rupee |
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1 MAD |
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5 MAD |
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10 MAD |
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25 MAD |
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50 MAD |
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75 MAD |
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100 MAD |
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150 MAD |
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250 MAD |
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300 MAD |
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500 MAD |
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800 MAD |
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1000 MAD |
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5000 MAD |
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Indian Rupee | Moroccan Dirham |
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1 INR |
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5 INR |
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10 INR |
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25 INR |
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50 INR |
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75 INR |
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100 INR |
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150 INR |
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250 INR |
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300 INR |
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500 INR |
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800 INR |
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1000 INR |
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5000 INR |
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