Pound Sterling to Moroccan Dirham — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: Morocco

Currency Code, Symbol: MAD, DH

Denominations of coins in circulation: 1⁄2, 1, 5 & 10 dirhams

Denominations of banknotes in circulation: 20, 50, 100 & 200 dirhams

History: The Moroccan dirham (DH) is the national currency of the Kingdom of Morocco. The currency is not used in other countries. In the international financial arena, it is mainly abbreviated to MAD.Centimes are used as change for the Moroccan dirham. Every MAD has 100 centimes. The currency has first appeared in 1961. It came as a replacement for the outdated currency of the Moroccan franc. The currency stands out with its stable rate. According to the law of the Kingdom of Morocco, it is illegal to export more than 500 dirhams without the government’s approval.Read More