Morocco's monetary unit since 1974 is Moroccan dirham who came to replace the French franc. One Moroccan Dirham is 100 centimam. In the appeal go bills of dignity 20, 50, 100 and 200 DH and coins 5.10 and 20 centimes, 1/2, 1, 2, 5, 10 dirhams. Moroccan Dirhama code for international classification - MAD.
Dirhama courses in relation to major currencies are as follows:
1 EUR = 11.2 MAD, or 100 MAD = 8.9 EUR
1 USD = 8, 1 MAD or 10 MAD = 1,2 USD
1 ruble = 0.25 mad, or 1 mad = 4 rubles
Currency exchange
Going to Morocco, behold in cash, which can be exchanged for Dirhama in banks and hotels. You can import and export a foreign currency in Morocco, but you can not pay it. You can take with you as euro. So and dollars, but since in Marrakesh, most resting Europeans, the euro is of great popularity. Exchange currency in Marrakech is quite problematic - banks work until 16:00, and Saturday and Sunday have a day off. The hotel, as a rule, you can change money without problems, but often do not have delivery in foreign currency, that is, having a bill of 100 euros you will not be able to change 50. Therefore, it is recommended to have small bills with you.Credit cards
As for credit cards, you can pay them in hotels and large stores, but it is practically impossible in small bears and restaurants, and not safely. In addition, when paying by credit card, a large percentage of conversion is taken, so this type of calculations is economically unprofitable.
It is prohibited to export Moroccan currency, so be sure to take a certificate of currency exchange, so that the remaining Dirhama can be changed at the airport to euro or dollars.
ATMs
Be careful by taking off the money in an ATM, try to do it in a working bank, as there are often cases that the ATM writes off the money from the card, but does not give them. Use only those of them in which the local population takes off the money, as they are usually aware of this problem and know which ATMs do not work.