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What is the Best Currency to Take to Morocco?

When planning a trip to Morocco, one of the first things you’ll consider is what currency to bring. Navigating currency exchanges can be tricky, especially in a foreign country. Choosing the best currency ensures that you get the most out of your money.

So, what is the best currency to take to Morocco? Let’s explore your options and get you prepared.

Euros, US Dollars, and British Pounds - Currency options to exchange in Morocco

What Currency is Used in Morocco?

Morocco’s official currency is the Moroccan Dirham, abbreviated as MAD. Dirhams are the only currency officially accepted for purchases and services across the country. You won’t be able to use foreign currency directly, so exchanging your money into dirhams is a must.

However, many visitors wonder whether it’s best to bring dirhams with them or exchange another currency once they arrive.

Should You Bring Moroccan Dirhams or Exchange Once You Arrive?

Moroccan dirhams are a closed currency, meaning they’re not available for exchange outside of Morocco. It’s best to wait until you arrive to get your dirhams. You can’t buy or sell dirhams abroad, so trying to find them beforehand is usually not possible.

What’s the best strategy?

  • Bring a widely accepted currency like Euros (EUR), US Dollars (USD), or British Pounds (GBP). Exchange these for dirhams upon arrival.
  • ATMs are also widely available in cities like Marrakech, Casablanca, and Fez. Withdrawing local currency once you're in Morocco is another good option.

Which Currency is Best to Exchange in Morocco?

The Euro (EUR) is often the best currency to take to Morocco. It’s widely accepted in exchange bureaus, banks, and even some larger businesses. You’re likely to get favorable exchange rates, and euros are easily converted into dirhams.

Here’s a quick breakdown of the top currencies to take:

Euros (EUR): 

  • Often the easiest and most accepted foreign currency.

US Dollars (USD): 

  • Widely accepted, but exchange rates may not be as favorable as the euro.

British Pounds (GBP): 

  • Accepted at exchange bureaus, though rates fluctuate.

Bringing smaller denominations can help if you need to exchange smaller amounts. It can also be useful to pay for things like taxis or market goods.

Where to Exchange Money in Morocco?

Once you’ve arrived in Morocco, you’ll have plenty of options to exchange your currency for dirhams. Here are the most common places to do so:

  • Banks: Reliable and secure, banks usually offer good rates.
  • Exchange Bureaus: Found in most tourist areas and airports. Be mindful of any additional fees.
  • Hotels: Convenient, but hotel rates tend to be less favorable.
  • ATMs: These are one of the most convenient ways to access cash in dirhams. Be sure to notify your bank ahead of your travels to avoid any issues with your cards.

Tips for Handling Money in Morocco

When it comes to managing your money in Morocco, here are some tips that will help:

  1. Avoid Exchanging at the Airport: While convenient, airport exchange services usually have higher fees. They also have lower rates than banks or exchange bureaus in town.
  2. Carry Cash: Cash is still king in many parts of Morocco, especially in rural areas and small businesses. Make sure to have dirhams for local transactions, but keep larger amounts of cash secure.
  3. Use ATMs in Big Cities: In cities like Marrakech, Casablanca, and Rabat, ATMs are easy to find. Many accept international cards. However, be cautious when using ATMs in smaller towns where they may not always be reliable.
  4. Watch Out for Counterfeits: Always use trusted exchange services to avoid receiving counterfeit bills. Be wary of unofficial money changers.

Check the latest exchange rates on [Currency Converter] before you go.

Can You Use Credit Cards in Morocco?

In larger cities, many hotels, restaurants, and shops will accept major credit cards like Visa or Mastercard. Morocco is still largely a cash-based economy. You’ll find that smaller establishments need cash. Street vendors and markets (souks) will also require cash.

It’s wise to carry enough cash for daily expenses, especially when traveling outside the main cities.

What’s the Best Currency to Take to Morocco?

In summary, the best currency to take to Morocco is one that is widely accepted and easy to exchange. This includes Euros, US Dollars, or British Pounds. The euro is popular and has favorable exchange rates. Therefore, it tends to be the top choice for many travelers.

Once you’ve arrived, exchange your currency at a bank or bureau. You can also use an ATM to withdraw Moroccan dirhams for your day-to-day spending. Always have enough cash on hand for smaller transactions and keep your money safe during your travels.

If you're planning to make international payments, whether for property, business, or other financial transactions, Cambridge Currencies can help. They ensure you get competitive rates and make the most of your money abroad.

FAQs

Is it better to use cash or cards in Morocco? 

  • Cash is preferred in most areas, especially for small businesses and market vendors. Cards are accepted in major hotels and restaurants, but having cash on hand is essential.

What’s the easiest way to get dirhams in Morocco? 

  • ATMs are widely available and are often the easiest way to get dirhams, especially in larger cities.

For further questions, visit our [Currency Exchange FAQ].