There are few problems changing money, there are many banks, all operating with equal exchange rates, and without commission. Exchange rates are set around midday on Fridays, which has lead to a practice of non-service during the hours until reports of the new currencies have been received.
Morocco has no black market. Credit cards can be used in shops (but check your receipt!) and in banks for getting cash. Traveller's checks seem unnecessary in Morocco, as they mean a bit of trouble, and Morocco is not a country with high risks on theft.
The currency of Morocco is dirham, divided into 100 centimes. Notes are in the following denominations: 5, 10, 50, and 100. Coins are in 1 dirham, and 10, 20, and 50 centimes. With few exceptions, foreign notes can never be used instead of dirhams.
| US$ 1=8.22 dirhams |
100 dirhams=US$ 12.17 |
| € 1=11.22 dirhams |
100 dirhams=€ 8.91 |
| £ 1=16.68 dirham |
100 dirham=£ 6.00 |
| International exchange rates as of July 28, 2007. |
