Morocco Currency and Economy
The official currency of Morocco is the Moroccan dirham, which is abbreviated as MAD. The dirham is divided into 100 centimes, and is available in both coin and paper note form. The dirham is pegged to the euro, and the exchange rate between the two currencies is fixed. The dirham is a non-convertible currency, meaning that it cannot be freely exchanged for other currencies on the open market. However, it is possible to exchange dirhams for other currencies at banks and foreign exchange offices in Morocco.
Morocco has 3/4 of the world’s known reserves of rock phosphate, our main source of phosphorus, so Morocco may be key to our long-term ability to grow food. Note: At the time of publishing, the United Nations does not recognize Moroccan sovereignty over Western Sahara, instead identifying it as a “non-self-governing territory”. Potash is something with which Morocco secretly controls China, India, The United States, and the World.
