What is the Best Currency to Bring to Morocco from the UK?
It’s a common question for British travelers heading to Morocco: what’s the best currency to take from the UK? Understanding how to avoid costly currency exchanges is key to ensuring you get the most out of your money while traveling.
The Moroccan Dirham
The official currency in Morocco is the Moroccan Dirham. While Euros are also accepted in many establishments, it’s important for UK visitors to know that converting British pounds to Euros before arriving is not a smart strategy. This approach involves losing money twice: first when exchanging pounds for Euros and then again when converting Euros into Dirhams. The most cost-effective option is to bring your pounds directly to Morocco and exchange them for Dirhams upon arrival.
Can I Use Euros in Morocco?
If you have leftover Euros, you can spend them in Morocco, but be aware of the current exchange rate. Many merchants may falsely claim that 1 Euro equals 10 Dirhams, which is outdated. The true exchange rate is closer to 11.10 Dirhams for every Euro, but always confirm the rate on the day of your transaction.
Where to Obtain Moroccan Dirham
Upon arriving in Morocco, especially at places like Marrakech Menara Airport, you may need Dirhams promptly. While many travelers are wary of exchanging currency at airports, the rates there are often quite favorable. Be sure to check multiple exchange counters to find the best rate.
Can I Purchase Moroccan Dirham in the UK?
Moroccan Dirham is considered a closed currency, meaning it’s generally not available for exchange outside of Morocco. Although some forex counters in the UK provide Dirhams, the rates are usually unfavorable. It’s better to wait until you land in Morocco to make your exchanges.
Exchanging Dirham Back to Pounds
If you have leftover Dirhams at the end of your trip and wish to convert them back to Pounds, keep in mind that you’ll need the original transaction receipt from when you exchanged your currency. The Moroccan Dirham cannot be traded outside of the country, and without this receipt, you might find it challenging to exchange your currency back to Pounds.
When using ATMs for Dirhams, be aware that withdrawing currency does not guarantee a conversion back to your home currency without the proper documentation. Plan your currency exchanges carefully, keeping your limits in mind.
Typically, you may only exchange up to the amount stated on your initial receipt when converting Dirhams back. For instance, if your receipt indicates you received 5,000 Dirhams, you could be limited to exchanging that same amount later.
Understanding Morocco’s Currency Exchange Regulations
These regulations exist to ensure tourists do not exploit loopholes, particularly involving gambling winnings and tax obligations. Keeping your currency exchange receipt is crucial for avoiding complications when trying to convert Dirhams back to other currencies.
What If I Lose My Currency Exchange Receipt?
Unfortunately, losing your receipt may limit your options significantly. However, it could be feasible to find another traveler who is not using their receipt, allowing you to exchange your Dirhams using theirs.
Can I Bring Dirham Out of Morocco?
Yes, you can take Moroccan Dirham out of the country, but there are restrictions. Currently, you may carry up to 10,000 Dirhams when leaving Morocco. Overall, the best currency to bring from the UK is still British pounds, unless you have unused Euros.
