Convert Moroccan Dirham to Algerian Dinar
Please provide values below to convert Moroccan Dirham [MAD] to Algerian Dinar [DZD], or Convert Algerian Dinar to Moroccan Dirham.
How to Convert Moroccan Dirham to Algerian Dinar
1 MAD = 0.0692941356559839 DZD
Example: convert 15 MAD to DZD:
15 MAD = 15 × 0.0692941356559839 DZD = 1.03941203483976 DZD
Moroccan Dirham to Algerian Dinar Conversion Table
| Moroccan Dirham | Algerian Dinar |
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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.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.