Convert Peruvian Nuevo Sol to Moroccan Dirham
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Moroccan Dirham
1 PEN = 0.394935781446 MAD
Example: convert 15 PEN to MAD:
15 PEN = 15 × 0.394935781446 MAD = 5.92403672169 MAD
Peruvian Nuevo Sol to Moroccan Dirham Conversion Table
| Peruvian Nuevo Sol | Moroccan Dirham |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.