
Morocco's currency is the Dirham, which is divided into 100 centimes. Notes are in denominations of 5, 10, 50 and 100. Coins have values of 10, 20 and 50 centimes and 1 dirham. All notes and coins are of different colors making them quite distinctive and easy to use for the traveler. They are labeled in Arabic and French. It is illegal to import or export Dirhams; they must all be exchanged upon arrival and departure. All receipts for exchange must be kept and presented in order to exchange currency. All traveler's cheques and foreign currency must be declared upon arrival in Morocco.
Traveler's Checks and Credit Cards
In Morocco it is always advisable to carry at least two days worth of cash to protect ones self against unforeseen bank closures. It is extremely easy to exchange money in any urban center in Morocco, although it is somewhat more difficult in rural areas. English, French, Spanish, and US currencies are readily accepted. Interest rates and commissions vary somewhat drastically from financial institution to financial institution, with banks normally having the best rates.
Tourists can get a relatively better exchange rate for traveler's cheques and they are safer to carry though not as liquid as cash. American Express, Visa or Thomas Cook Traveler's Cheques are readily accepted at most banks, top hotels, and upscale shops.
Many top hotels, restaurants and shops in urban areas accept credit cards, the well-known and more accepted ones being American Express, MasterCard, and Visa. It is always prudent to check first.
Main Addresses for Traveler's Cheques
|
|
Thomas Cook
Casablanca Tour Atlas 6th Floor, 57 Place Zaltaga (+ 212) 2 307607
Marrakech Menara Tours, 41 Rue de Yougoslavie (+ 212) 4 446654
Agadir 341 Avenue Hassan II (+ 212) 8 825469
|
American Express
Casablanca 112 Ave Prince Moulay Abdellah (+212)(2) 222947/200734 Mon-Fri 8:30am-12am 2:30pm-6:00pm
Marrakech Immeuble Moutaouakil, 1 Rue Mauritania (+212)(4) 433022 OR 433321 Mon-Fri 8-12, 2.30-6.30 Winter, 8-7 Summer
Rabat Av Omar Ben Khattab, Et Rue Daraa No 5 (+212)(2) 222947/200734
Tangier 54 Boulevard Pasteur (+212)(9) 330372 Mon-Fri 9am-12:30pm 3pm-7pm Sat 9am-12:30pm
|
- With branches in every major city, the most visible and useful bank for the traveler is BMCE (Banque Marocaine du Commerce Exterieur).
- Normally currency exchange involves two different queues, one for the exchange itself and then a second one for the cashier and the actual money.
ATM Machines are often found outside major banks in the bigger cities, but their service is highly irregular and somewhat unreliable.
Visa ATM locator
External sites are not endorsed by GeoPassage.