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