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Money
Currency: Moroccan Dirham (Dh) = 100 centimes. Notes are in denominations of Dh200, 100, 50 and 20. Coins are in denominations of Dh10, 5 and 1, and 50, 20, 10 and 5 centimes.
Currency exchange: Moroccan Dirhams can only be obtained in Morocco. National currencies should be exchanged at official bureaux de change only (identified by a golden sign); changing money in the street is illegal. There is no commission charge and visitors will be issued with a receipt which they must keep in order to exchange Moroccan currency back into the original national currency upon departure. Money can be withdrawn in banks with a credit card and a cheque book or directly from an ATM in some larger towns.
Credit & debit cards: Some credit cards are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available.
Travellers cheques: To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Pounds Sterling.
Currency restrictions: The import and export of local currency is prohibited; all local currency must be reconverted prior to departure. The import and export of foreign currency is unlimited but must be declared if in excess of the equivalent of Dh15,000. Upon production of bank vouchers, half the Moroccan currency purchased during a visitor’s stay may be re-exchanged for foreign currency (subject to some limitations) and all of it if the stay is less than 48 hours.
Exchange rate indicators
The following figures are included as a guide to the movement of the Moroccan Dirham against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 16.33 | 16.37 | 16.70 | 15.79 | | $1.00= | 11.20 | 10.76 | 10.56 | 9.92 |
Banking hours: Mon-Fri 0815-1130 and 1415-1715.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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