Money & duty free for Morocco

Exchange rates:

Moroccan Dirham
€1 = Dh11.08
£1 = Dh14.08
US$1 = Dh8.75

Currency & Money

Currency information

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.

Credit cards

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.

ATM

Cash can be withdrawn from ATMs in larger towns, although service in smaller towns can be erratic.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.

Travellers cheques

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.

Banking hours

Mon-Thurs 0830-1230 and 1500-1830, Fri 0830-1200 and 1500-1830.

Currency restriction

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.

Currency exchange

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:

• 200g of tobacco products.
• 1 bottle of spirits and 1 bottle of wine.
• 150ml of perfume and 250ml of eau de toilette.
• Gifts to the value of Dh2,000.

Banned imports

Firearms and ammunition, narcotics, absinthe, immoral publications, and plants and plant products considered a threat to national flora.

Banned exports

You must obtain permission to export cultural artefacts.

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