Convert Moroccan Dirham to Turkish Lira
Please provide values below to convert Moroccan Dirham [MAD] to Turkish Lira [TRY], or Convert Turkish Lira to Moroccan Dirham.
How to Convert Moroccan Dirham to Turkish Lira
1 MAD = 0.222753315348152 TRY
Example: convert 15 MAD to TRY:
15 MAD = 15 × 0.222753315348152 TRY = 3.34129973022228 TRY
Moroccan Dirham to Turkish Lira Conversion Table
| Moroccan Dirham | Turkish Lira |
|---|
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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.