Moroccan Dirham to US Dollar — exchange rate

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 It came as a replacement for the outdated currency of the Moroccan franc.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

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.Read More