Moroccan Dirham (MAD)
The Moroccan Dirham is issued by Bank Al-Maghrib.
- Alphabetic code
- MAD
- Numeric code
- 504
- Symbol
- MAD
- Minor units
- 2
- Example
- MAD 1,234.50
- Used in
- Morocco, Western Sahara
History
- 2018 On 15 January Morocco widens the fluctuation band of the dirham around its central rate from plus or minus 0.3 per cent to plus or minus 2.5 per cent, with the central rate set on a basket of 60 per cent euro and 40 per cent US dollar.
- 2020 The band is widened again from plus or minus 2.5 per cent to plus or minus 5 per cent.