The Moroccan Dirham (MAD)

The Moroccan Dirham is managed by Bank Al-Maghrib, which is Morocco’s central bank. This bank is in charge of making coins and banknotes, setting money rules, and keeping the currency stable. It helps the country’s financial system work well and supports economic development.

The Moroccan Dirham was introduced in 1960. It replaced the Moroccan Franc after Morocco gained independence. As of 2025, the dirham is 65 years old. It was a big step for Morocco to have its own currency and control over its money.

The dirham is special because it has both Arabic and French writing. The designs show things like King Mohammed VI, Moroccan buildings, and traditional patterns. One unique thing is that the dirham cannot be easily exchanged outside of Morocco. This means Morocco controls how much of its currency leaves the country. The mix of modern and traditional designs shows how Morocco connects different cultures.

The dirham is written as 'MAD' in global money systems and as 'د.م.' in Arabic. 'MAD' helps people know it’s the Moroccan currency when trading internationally. The Arabic symbol 'د.م.' stands for 'Dirham Maghribi,' which means Maghreb Dirham. These symbols help show both Morocco’s identity and make sure the currency is easy to recognize.