Moroccan dirham

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Definition
  1. Noun:
    • The basic unit of money in Morocco: The "moroccan dirham" is the official and primary currency of the Kingdom of Morocco.
    • A monetary unit equal to 100 centimes: One "moroccan dirham" is subdivided into 100 smaller units called centimes.
Usage
  • The "moroccan dirham" is used to price goods and services, denote financial values, and conduct all monetary transactions within Morocco.
  • Its value fluctuates against other world currencies on the foreign exchange market.
  • The term is typically used in financial, economic, and travel contexts when discussing Moroccan currency.
Examples
  • Noun:
    • The price for the traditional rug was 500 moroccan dirhams.
    • I need to exchange my euros for moroccan dirham before my trip.
    • The investment was valued at several million moroccan dirham.
Advanced Usage
  • "pegged dirham": Refers to the historical policy where the moroccan dirham's value was partially linked to a basket of currencies.
  • "dirham-denominated": Used to describe assets, loans, or contracts whose value is stated in moroccan dirham.
    • The company issued dirham-denominated bonds to local investors.
Variants and Related Words
  • Dirham (MAD): The common abbreviated form and ISO 4217 currency code. "MAD" stands for .
  • Centime: The fractional unit; 100 centimes equal one moroccan dirham.
  • Moroccan franc: The former currency of Morocco, replaced by the dirham.
Synonyms
  • MAD: The official three-letter currency code.
  • Moroccan currency: A general descriptive term.
Related Phrases
  • "dirham coin / banknote": Refers to the physical form of the currency.
    • He paid with a 20-dirham banknote.
  • "dirham exchange rate": Refers to the value of the dirham compared to another currency.
    • The dirham exchange rate against the dollar has been stable.
Noun
  1. the basic unit of money in Morocco; equal to 100 centimes

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