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Dirham (Moroccan) currency

Posted by Saleem Mukati

The Moroccan Dirham, denoted by MAD, is the official currency of Morocco. Made up of 100 centimes per unit, the currency is issued by the Bank Al-Maghrib (Morocco's central bank). 

Historically, the Moroccan Dirham originates from the Byzantine Empire's Drachm, and was used in Arabia and the Levant in pre-Islamic times. The name "Dirham" stems from the Roman word "denarius."


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