Morocco Money

Money

The local currency is the Moroccan dirham (Dh), which is divided into 100 centimes (c). £1 is worth Dh 15.90, US$1 is worth Dh 9.10 and 1 Euro is worth Dh 10.99 (15 Mar 2006). There are 5c, 10c, 20c, 50c, Dh 1, Dh 2, Dh 5, Dh 10 coins, although coins smaller than 20c are rarely seen these days. Notes are available in denominations of Dh 10, Dh 20, Dh 50, Dh 100, and Dh 200. ATMs can be found near tourist hotels and in the modern ville nouvelle shopping districts. Make sure that the ATM accepts foreign cards (look for the Maestro, Cirrus or Plus logos) before you put your card in. Don't expect to see many banks in the souqs or medinas, but plenty of "helpful" people will exchange dollars or euros for dirhams. Try to have as much small change as possible and keep larger bills hidden separately. The Dirham is only used internally in Morocco and shouldn't be taken out of the country but you can often use one or two Euro coins and notes.