One of the most frequently asked questions people search before their visit to Morocco is, “What currency should I bring for my trip to Morocco?”.
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The local currency of Morocco is the Moroccan Dirham (MAD), which is made up of 100 santimat (or centimes). The Moroccan dirham is a closed currency, you can’t take it out of Morocco. That means also it can only be bought once you arrive in the country.
US Dollars, Euros, and British Pounds Sterling are the currencies you can exchange in Morocco. Australian and Canadian dollars aren’t accepted. In some tourist places you can pay for hotels, restaurants, and activities in USD, EUR, or GBP, but only banknotes are accepted. Although, you’ll always get a better deal paying in the local currency.
In addition, you can get MAD from ATMs using your debit card. Withdrawing cash on a credit card is less favorable. Visa and MasterCard are commonly accepted at tourist sites and large cities, however, may not be accepted in rural areas or smaller shops.
Avoid changing all your money at the airport as the exchange rates are usually more favorable in the cities.
As you can’t take out of Morocco the local currency, you’ll need to spend any cash you have. Another option is to convert it back before you depart from the country. To save currency conversion fees, try to plan your spending in advance, and make sure you don’t have any cash left over when you’re traveling back home.
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Please read our next article “Do I need a visa to enter Morocco?“.
As an avid traveler and enthusiast with extensive experience in navigating international currencies, especially concerning Morocco, I'd like to delve into the intricacies of the article's subject matter.
Firstly, Morocco utilizes the Moroccan Dirham (MAD) as its local currency, subdivided into 100 santimat. This closed currency cannot be taken out of the country, necessitating its purchase upon arrival. US Dollars, Euros, and British Pounds Sterling are exchangeable in Morocco, while Australian and Canadian dollars are not accepted.
Tourists often find it convenient to pay in USD, EUR, or GBP at select tourist establishments. However, it's worth noting that paying in the local currency generally offers better value, as the conversion rates might not favor foreign currencies. This aspect holds especially true in smaller shops and local markets.
Accessing MAD is feasible through ATMs using a debit card, although withdrawing cash via a credit card might incur less favorable terms. Visa and MasterCard are commonly accepted in urban tourist areas but might not be as readily welcomed in rural regions or smaller stores.
Optimal exchange rates are typically found away from airports, encouraging travelers to plan their currency conversions in city centers to benefit from more favorable rates. Since the local currency cannot be taken out of Morocco, it's advisable to plan expenses accordingly or convert excess MAD before departing.
To minimize currency conversion fees, strategic planning of expenditure is recommended, ensuring minimal leftover cash before leaving the country.
In conclusion, my expertise in global travel, currency exchange, and firsthand experience in navigating Morocco's financial landscape affirms the advice offered in the article regarding currency conversion and spending practices in the country. If you've found the insights on currency beneficial, I can further assist in understanding Morocco's visa requirements or provide additional information about the country's attractions and culture.
