The national currency is the Moroccan dirham (MAD), which is subdivided into 100 cents. Tickets are 20, 50, 100 and 200 MAD. As for the coins, there are 5, 10, 20 and 50 cents and 1, 2, 5 and 10 MAD. The dirham change is not free. Its price is included in a “simplified basket” composed of the currencies of the main trading partners, the euro and the dollar. The average exchange rate is 1 dirham = 0.09 euro / 1 euro = 10.9 dirham.
There are banks in every Moroccan city. Banks open every day, from Monday to Friday except holidays.
To access updated exchange rates, see the following section of the website: Currency Converter. For information on the regulations and the exchange policy, see the page of the Office des changes (Moroccan Exchange Agency), http://www.oc.gov.ma/ and the Central Bank, http: // www. bkam.ma
They are in the big cities and you can withdraw dirhams with Visa or MasterCard.
– It is better to withdraw money directly from the bank during its opening hours to avoid potential problems with the credit card.
– For each withdrawal of effect at ATMs, a variable rate will be applied to your account, which is why we advise you to inform before making them and avoid making many withdrawals from ATMs.
There are numerous banks in which to exchange foreign currency and traveler’s checks, as well as to use credit cards. In general it is a quick and simple operation, and exchange rates vary little from one entity to another. One of the best entities is probably the Banque Marocaine du Commerce Extérieur (BMCE). Advances with credit cards and at ATMs carry a charge of approximately 1.5 percent. Exchange offices are located in all cities, airports, borders and seaports. There are also hotels that offer currency exchange and traveler’s checks.
They are accepted by most hotels of a certain level, as well as in some restaurants and shops, but rarely at service stations. At present, many credit card scams are taking place all over the world, as advice always try to accompany the merchant with the card until payment is made.
Commissions are very high for retailers, many do not accept or apologize that their payment terminal is broken.
In the most exclusive restaurants, customers are expected to leave a tip for the service, being the usual between 10 and 15 percent of the bill. In the more modest establishments, it will suffice to leave one or two dirhams. Tips are common in many Moroccan services, from guides, valet, toilet cleaners to establishments … etc.
Traveling comfortably through Morocco will cost between 40 and 50 Euros per day. Those who plan to travel in Morocco with little money, willing to camp and to stay in pensions, will be able to survive without problems with 15 or 20 Euros per day, but you have to keep in mind that the vagaries are expensive; Drinking a beer costs around 4 Euros.
Travel is relatively cheap and many transportation alternatives are offered.
Table of prices
|Low Budget||3 – 9 EU||10 – 20 EU|
|Middle Budget||10 -18 EU||20 – 40 EU|
|High Budget||up to 25 EU||up to 50 EU|
Budget Low 3 – 9 Euros 10 – 20 Euros
Medium Budget 10 -18 Euros 20 – 40 Euros
Budget High from 25 Euros from 50 Euros