Moroccan Dirham


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Moroccan Dirham

The currency of Morocco. It was introduced in 1960, replacing the Moroccan franc. It is illegal to export locally circulating dirhams.
References in periodicals archive ?
Moroccan dirham is now an available payout currency across the Transpay suite of products, including the MassPay API.
As far as the grant, the minister pointed out that the donation made by China for his country totaling Moroccan Dirham (MD) 27 million, which will be employed for the advancement of sectors related to human and social development.
Morroco-based Attijariwafa bank and PayPal have announced the launch of a service that will enable Moroccan merchants to withdraw funds from their PayPal accounts to an Attijariwafa bank account, in Moroccan Dirham (MAD) and other currencies.
Currency Saudi Riyals Kuwaiti Dinar 12.9722 Bahrain Dinar 9.9467 Omani Riyal 9.7390 Jordanian Dinar 5.2854 Tunisian Dinar 2.6774 Egyptian pound 0.6833 UAE Dirham 1.0209 Qatari Riyal 1.0295 Moroccan Dirham 0.4520 Syrian lira 0.0814 Yemeni Riyal 0.0180 Mauritania Ouguiya 0.0142 Lebanese lira 0.0025 Sudanese pound 0.0187
In 2017, the dinar depreciated by 10.3% against the Japanese Yen and 15.3% against the Moroccan dirham year-on-year.
As the fund invests in securities denominated in Moroccan dirham (MAD), S&P uses local-currency ratings to determine the credit quality of the fund.
However, the majority consider that quick selling, despite the small profit, is better than losing in the event of a decrease in the exchange rate of some currencies such as euro, sterling pound and Moroccan dirham." Al-Sayrafi noted that the currency exchanges are making profits, but not as big as the profit wholesale shops are making due to the high Hajji demands that reach SR5 million per day.
According to the same report, the Egyptian pound sharply depreciated by -57.3% against the dollar (-9.1% in 2015 and -2.8% in 2014), the Moroccan dirham depreciated by -2.4% against the dollar (-9.1% in 2015, -9.2% in 2014) whilst the Algerian dinar fell by -3% (-18% in 2015, -10.7% in 2014).
BNP Paribas, Societe Generale and Standard Chartered Bank were the mandated lead arrangers for the international debt facilities, while Morocco's Banque Centrale Populaire acted as the mandated lead arranger for the Moroccan dirham credit facilities, representing approximately 40 per cent of the total debt.
The Executive Board of the Central Bank of Tunisia (BCT), which met on April 29, 2015 in Tunis, said the dinar appreciated by 3.7% against the euro and 3.4% against the Moroccan dirham during the course of March 2015.
He said that the currencies being exchanged most frequently in Makkah and Jeddah are the dollar, euro and English pound, followed by the UAE dirham and the Moroccan dirham. "Recently the demand on the Indonesian rupiah has increased, where one million rupees now amounts to SR295, while the price of one Jordanian dinar amounts to SR5.25.
A service has been launched by Morroco-based Attijariwafa bank and PayPal to allow Moroccan merchants for withdrawing funds from their PayPal accounts to an Attijariwafa bank account, in Moroccan Dirham (MAD) and other currencies.