Convert United Arab Emirates Dirham to Moroccan Dirham
Please provide values below to convert United Arab Emirates Dirham [AED] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Moroccan Dirham
1 AED = 0.407679584383291 MAD
Example: convert 15 AED to MAD:
15 AED = 15 × 0.407679584383291 MAD = 6.11519376574936 MAD
United Arab Emirates Dirham to Moroccan Dirham Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.