Morocco is a remarkably diverse country attracting those who wish to enjoy the sun, sea and sand. The curious can also visit the medinas or explore the majestic Atlas Mountains. This vast territory is an unparalleled destination for those seeking to experience the world of the nomadic peoples who once roamed the Sahara. Morocco thus promises complete escapism for holidaymakers.

Whatever the reason for your visit, you will obviously need cash to make the most of your stay.

The dirham is Morocco's official currency. One Moroccan dirham equals one hundred fils. Coins in circulation are 1, 5, 10, 20, 50 fils and 1, 2, 5 dirhams. 10, 20, 50, 100, 200 dirhams are the banknotes in circulation in the kingdom.

Automated Teller Machines (ATMs)

Automated teller machines are convenient ways to withdraw local currency in Morocco, but you need to avoid common pitfalls and unnecessary fees. You should know that some bank ATMs in Morocco charge fees for each withdrawal, though the exact amount depends on your card's issuing country and your bank. Indeed, bank fees for ATM cash withdrawals abroad are quite common, but the exact cost varies for each account. It's wise to verify this with your bank before travelling to Morocco.

In addition to these withdrawal fees, automatically deducted from your account, you may also be charged by the local bank or ATM operator each time you use their machine. Despite this, an ATM remains an economical and practical choice if you can obtain a reasonable exchange rate.

You should also know that ATMs in Morocco do not offer the same withdrawal fees across the board. It's best to avoid those located in tourist areas, such as airports, bars, and nightclubs. Opt instead for bank ATMs or those near a bank branch, preferably during business hours in case of any issues.

If your bank at home has a daily withdrawal limit, this may affect the amount you can withdraw in Morocco. For each transaction, Moroccan ATMs have a limit of 2,000 MAD. So, if you need more money, you'll need to make multiple transactions, or find other ATMs, as some banks don't allow repeated transactions.

Money Exchange Offices in Morocco

Money exchange offices abound in major Moroccan cities. You simply need to leave the tourist districts to find better rates. Also, avoid dealing with street money changers. In Morocco, exchange offices are free to set their own rates. It's smarter to use a currency converter to simulate the exchange and know exactly how much you'll receive.

In general, you may struggle to find the right exchange office unless you ask your guide or a travel expert. This task becomes easier if you're staying in a guesthouse. Your hosts will be delighted to direct you to an exchange office offering the best rate. In Morocco, exchange offices near the land border with Spain offer particularly attractive rates.

Payment Methods in Morocco

During your stay, always keep some cash on you. In Morocco, almost everyone pays in cash (dirhams) in shops and restaurants. It's also the most secure payment method. Besides, traders in the souks and traditional markets don't have card payment terminals.

On the other hand, some businesses, especially in tourist areas, accept euros. Generally, the euro-to-dirham conversion is at an average rate of 1 euro = 10 MAD.

Almost all major Moroccan establishments accept card payments. Visa, MasterCard… and other cards are widely accepted.