What's the currency used in Morocco, and where can I exchange money?

Post ByAdequate Travel

Summary
Are you planning a trip to Morocco and wondering what currency they use and where you can exchange your money for dirhams? This blog will tell you all about the currency used in Morocco and where you can exchange your money. So read on and arm yourself with knowledge before you go! While planning your trip, take note of any travel restrictions that may impact your itinerary, such as limited access to certain regions or attractions.

Currency Used in Morocco

The currency used in Morocco is the Moroccan Dirham (MAD).

Where to Exchange Money

There are several options to exchange money in Morocco:

1. Banks: Banks are the most reliable and secure option to exchange money. Major banks such as Bank Al-Maghrib, Attijariwafa Bank, and BMCE Bank have branches across the country where you can exchange your currency. They usually offer competitive exchange rates.
2. Currency Exchange Offices: You can find currency exchange offices in popular tourist areas, airports, and major cities. These offices specialize in currency exchange and often have longer working hours compared to banks. However, it is important to compare rates and commissions before making any transactions.
3. ATMs: Automated Teller Machines (ATMs) are widely available in Morocco, especially in urban areas. They accept major international credit and debit cards, allowing you to withdraw Moroccan Dirhams directly from your account. However, keep in mind that there might be withdrawal limits and additional fees imposed by your bank.
4. Hotels and Riads: Some hotels and riads (traditional Moroccan guesthouses) offer currency exchange services to their guests. While this convenience can be tempting, be cautious as hotels may have higher exchange rates and fees compared to banks or exchange offices.
5. Online Currency Exchange: With the development of technology, there are now online platforms and mobile apps that allow you to exchange money digitally. Some reliable platforms include TransferWise, Revolut, and CurrencyFair. However, it is crucial to use reputable companies and ensure the security of your transactions.
Remember to carry your identification documents (such as passport) when exchanging money as it may be required by certain institutions. Additionally, it is advisable to exchange money in moderate amounts at a time to avoid carrying large sums and facing potential risks.Travellers can find valuable travel information for tourists, such as local customs, must-see attractions, and dining recommendations, to make the most of their trip.

Suggested Questions

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