Moroccan Dirham (MAD; symbol Dh) = 100 centimes. Notes are in denominations of Dh200, 100, 50, 20 and 10. Coins are in denominations of Dh10, 5 and 1, and 50, 20, 10 and 5 centimes.
Most major credit cards are accepted in larger restaurants, hotels, guest houses and the occasional shop in the souks, with Visa and MasterCard being accepted most widely.
Cash can be withdrawn from ATMs in larger towns, although service in smaller towns can be erratic. Most major hotels now have more reliable ATMs.
Traveller's cheques are accepted in some areas but are not advised, as the exchange can be problematic and it can be difficult to find a bank able to cash them, although some of the main tourist hotels offer this facility.
Mon-Thurs 0830-1230 and 1500-1830, Fri 0830-1200 and 1500-1830.
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 limited to amounts equivalent to £10,000 and must be declared on arrival and departure.
Moroccan Dirhams can only be obtained in Morocco. The most convenient way to obtain Dirhams is through an ATM, where official rates automatically apply, but daily withdrawal limits can seem low for customers paying cash for rugs in the souks. 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. The Euro and US Dollar are widely accepted, even preferred.
Morocco duty free
The following goods may be imported into Morocco without incurring customs duty:
• 200 cigarettes or 50 cigars or 400g of tobacco. • 1L of spirits and 1L of wine. • 5g of perfume.
Items it is illegal to bring into Morocco in any quantity are narcotics and drugs, pornographic and politically sensitive material and firearms and explosives.