Moroccan dirham
| الدرهم المغربي (Arabic) | |
|---|---|
| ISO 4217 | |
| Code | MAD (numeric: 504) |
| Subunit | 0.01 |
| Unit | |
| Symbol | DH |
| Denominations | |
| Subunit | |
| 1⁄20 | rial (informal) |
| 1⁄100 | santim (official) franc (informal) |
| Plural | |
| santim (official) franc (informal) | santimat |
| Banknotes | 20, 50, 100, 200 dirhams |
| Coins | 10, 20 santimat, ½, 1, 2, 5 & 10 dirhams |
| Rarely used | 1 santim, 5 santimat |
| Demographics | |
| Replaced | Moroccan franc |
| User(s) | Morocco |
| Issuance | |
| Central bank | Bank Al-Maghrib (Bank of Morocco) |
| Website | www |
| Valuation | |
| Inflation | 0.2% |
| Source | The World Factbook, 2019 est. |
| Pegged with | 60% EUR and 40% USD |
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The Moroccan dirham (Arabic: درهم, romanized: dirham, Moroccan Arabic: درهم, romanized: derhem; sign: DH; code: MAD) is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 santimat (singular: santim; Arabic: سنتيم).
The exchange rate of the Moroccan dirham is determined within a band of fluctuation of ± 5 percent compared to a central rate established by the central bank of Morocco on the basis of a currency basket composed of the euro and United States dollar by up to 60% and 40% respectively.